FX Technicals: AUD, GBP, JPY, USD, CAD, NZD
ICN.com | Apr 22, 2015 07:30AM ET
AUD/USD - Technical Report
The four-hour chart of AUD/USD proves that the pair has found a very solid support at 38.2% Fibonacci level.
Currently, the pair is re-attacking the 61.8% resistance along with bullish tendencies interpreted on the candlesticks formations, while MACD is turning into positivity, reinforcing the bullish scenario. A break above 0.7785will confirm and accelerate.
GBP/USD - Technical Report
After GBP/USD pair failed maintain trading below 1.4900, and that weaken the expected negativity. On the other hand, trading below linear regression indicators force us to stay neutral for today’s trading.
RSI14 indicator returned to trade above 50.00 line, and MACD bearish signals weakened. However, linear regression indicators still negative, and that another reason to stay aside.
USD/JPY - Technical Report
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USD/JPY has moved to the upside yesterday as anticipated, but didn’t succeed in breaching the 120.00 psychological. The mild downside move from 119.85 offers a strong intraday resistance that can be used to short the USD/JPY carefully. A break below 119.30 is required to activate the bearish scenario suggested for intraday traders.
USD/CAD - Technical Report
The USD/CAD pair declined after retesting arias around 1.2310 resistance level forming a doji candle stick for yesterday’s trading. Trading below 1.2310 will keep a high probability for more bearishness toward 38.2% Fibonacci correction located at 1.1990.
NZD/USD - Technical Report
NZD/USD has been able to find support at 76.4% Fibonacci level and it is currently moving upwards aiming to breach the initial resistance of 0.7735. MACD and RSI14 are turning into positivity and that affirms the bullish scenario suggested for intraday traders. On the downside, coming below 0.7620 will negate.
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