Daily Technical Analysis – 27th July, 2015
By FxGrow Research & Analysis Team
AUDUSD was bearish last week and opened the week higher in the early Asian trading session. Now the pair is trading above its 20day moving average of 0.7281 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 0.7350
RSI (14), STOCH (9, 6) are Neutral; STOCHRSI (14), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.
Support is at 0.7259 while Resistance is at 0.7341
27th July 2015 – 03:29hrs GMT
USDJPY was bullish last week and opened the week lower in the early Asian trading session. Now the pair is trading below its 20day moving average of 123.79 in the Asian trading session. The near term bias remains Bearish with targets of 123.00
RSI (14), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 123.42 while Resistance is at 123.81
27th July2015 – 03:37hrs GMT
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