FxGrow Daily Technical Analysis – 29th June, 2016
By FxGrow Research & Analysis Team
AUDUSD remained indecisive yesterday as it touched a high of 0.7415 and a low of 0.7341 towards the end of the trading session. Today Aussie showed some signs of recovery with the pair crossing 0.7400 handle in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7450
RSI (14), ADX (14), CCI (14) are Neutral; STOCH (9, 6), STOCHRSI (14), MACD (12, 26) ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.
Support is at 0.7359 while Resistance is at 0.7415
29th June 2016 – 06:59hrs GMT
USDJPY was bullish yesterday but advances were capped below 103 handle. Today the pair is pushing down to below 102.50 levels in the European trading session. The pair is trading below its 100 day SMA of 102.87 in the European trading session. The near term bias is Neutral to Bearish with targets of 102
RSI (14) is Neutral; STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 101.92 while Resistance is at 102.49
29th June 2016 – 07:06hrs GMT
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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.