AUD/USD: Starts To Move In An Uptrend Today Crossing 0.7480 Levels
FxGrow | Jul 21, 2016 06:22AM ET
AUD/USD
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
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)
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.