FxGrow Daily Technical Analysis – 14th July, 2016
By FxGrow Research & Analysis Team
AUDUSD was indecisive yesterday as it touched a low of 0.7576 and a high of 0.7636 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7584 and the near term bias is Bullish with targets of 0.7700
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 0.7593 while Resistance is at 0.7642 and 0.7647
14th July 2016 – 09:55hrs GMT
USDJPY was indecisive yesterday and traded in a zigzag pattern towards the end of the trading session. Today the pair is moving in a strong bullish momentum and managed to cross 105.80 levels. The pair is trading above its 100day SMA of 103.12 and some pullback is expected later today. The near term bias is Bullish with targets of 106 to 106.50
STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.
Support is at 105.24 while Resistance is at 105.86 and 106.02
14th July 2016 – 10:00hrs GMT
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