AUD is losing power against its American counterpart due to Retail Sales release and Chinese CPI. The support rests in 0.73530 with resistance at 0.73950 which both lines are above the weekly pivot point at 0.72800. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving on overbought area, the MACD indicator is in the positive territory and the Stochastic is in high ranges, showing downward momentum. The ADX is showing a buy signal. The price has reached the 61.8 level of Fibonacci retracement therefore it is time for pullbacks after several days of growth. Sellers can target 0.7300 for the pair potential decline.
Comments are closed.
Search
Categories
-
USDCAD analysis for 15.02.2019February 15th, 2019
-
USDJPY analysis for 15.02.2019February 15th, 2019
-
EURUSD analysis for 15.02.2019February 15th, 2019
-
Change of Trading Session due to the US Presidents’ Day 2019February 14th, 2019
-
Gold analysis for 14.02.2019February 14th, 2019
-
GBPUSD analysis for 14.02.2019February 14th, 2019
-
EURUSD analysis for 14.02.2019February 14th, 2019
-
NZDUSD analysis for 13.02.2019February 13th, 2019
-
USDJPY analysis for 13.02.2019February 13th, 2019
-
EURUSD analysis for 13.02.2019February 13th, 2019