Aussie Declines Below 0.7602
AUD/USD was bullish yesterday as it crossed the 0.7600 handle and remained firm towards the end of the trading session. The AUD/USD started to decline in the early Asian trading session today and is now trading below its 100 day SMA of 0.7602 in the European trading session. The near-term bias is neutral to bearish with targets of 0.7450.
RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6), STOCHRSI (14) is oversold; while Average True Range (14) indicates high volatility.
Support is at 0.7472 while resistance is at 0.7511 and 0.7545.
19th July 2016 – 10:10AM (UTC)
USD/JPY was bullish yesterday as it crossed the 106 handle and remained strong towards the end of the trading session. The USD/JPY maintains its bullish momentum and is looking to cross 107.50 over the week. It is trading above its 100 day SMA of 105.42 in the European trading session. The near-term bias is neutral to bullish with targets of 107.
STOCHRSI (14) is neutral; RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14) indicate a BUY; while Average True Range (14) indicates high volatility.
Support is at 105.54 while resistance is at 106.32 and 106.47.
19th July 2016 – 10:17AM (UTC)
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