AUD/USD was indecisive yesterday as it touched a high of 0.7516 and a low of 0.7462 towards the end of the trading session. The AUD/USD has started to move in an uptrend today crossing 0.7480 levels in the European trading session. The pair is trading below its 100 day SMA of 0.7540 and bullish correction is expected in the US trading session. The near term bias is Bullish with targets of 0.7550
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.
Support is at 0.7472 while Resistance is at 0.75040 and 0.7515
21st July 2016 – 09:00AM (UTC)
USD/JPY was bullish yesterday as it crossed the 107 handle and today it managed to touch a high of 107.48 after which it has started to decline and is now trading at 106 levels. The USD/JPY has now come into a Neutral state with some consolidation seen in the US trading session. The near term bias is Neutral with consolidation towards 106.50
STOCH (9, 6), MACD (12, 26) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.
Support is at 105.84 while Resistance is at 106.67 and 107.29
21st July 2016 – 09:08AM (UTC)
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