AUD/USD Trades Bearishly Below 0.7480
FxGrow | Jul 22, 2016 06:14AM ET
AUD/USD
AUD/USD was mildly bullish yesterday as it touched a high of 0.7510 and tried to consolidate in the range of 0.7480 to 0.7500 towards the end of the trading session. The AUD/USD is slightly bearish today and is trading below 0.7480 levels. The pair is trading below its 100 day SMA of 0.7511 in the European trading session. The near-term bias is bearish with targets of 0.7450 to 0.7425.
RSI (14), STOCH (9, 6), MACD (12, 26), CCI (14), ultimate oscillator, ROC indicate a SELL; STOCHRSI (14) is oversold; ADX (14) is neutral; while average true range (14) indicates less volatility.
Support is at 0.7469 while resistance is at 0.7491 and 0.7502.
22nd July 2016 – 08:20AM (UTC)
USD/JPY
USD/JPY was bearish yesterday as it dropped below 105 to touch an intraday low of 105.41 and tried to consolidate towards 106 at the end of the trading session. The USD/JPY has now come into a neutral state with some bullish correction expected in the US trading session. The near-term bias is neutral to bullish with targets of 106.50.
STOCH (9, 6), CCI (14), ultimate oscillator, ROC indicate a BUY; RSI (14), ADX (14) are neutral; STOCHRSI (14) is overbought; while average true range (14) indicates less volatility.
Support is at 105.54 while resistance is at 106.53 and 107.49.
22nd July 2016 – 08:28AM (UTC)
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