Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | Eyeing Take a look at of Key Resistance

AUDJPY | Little Indicators of Close to-Time period Breakout

AUDNZD | Bearish Momentum Indicators Moderating

See our This autumn FX forecast to study what’s going to drive the foreign money by means ofout the remainder of the 12 months.

AUDUSD | Eyeing Take a look at of Key Resistance

Patrons on the 100DMA retains AUDUSD elevated with the pair eyeing a transfer again in the direction of the Zero.7300 deal with. Nonetheless, key resistance is located on the Zero.7330 stage, which marks the 61.eight Fibonacci retracement of the Zero.6827-Zero.8142 rise. A break above Zero.7330 opens room for a take a look at in the direction of the Zero.7400 deal with. Alongside this, momentum indicators are starting to recommend that extra upside is in retailer for the pair.

AUDUSD PRICE CHART: Each day Time Body (Feb – Nov 2018)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Little Indicators of Close to-Time period Breakout

The cross has prolonged on its beneficial properties above 82.00 and the 200DMA, as such, this has elevated scope for a transfer in the direction of the Nov 15th (82.90) and Nov eightth (83.05), which additionally coincides with a key Fib stage (82.96). Little indicators of a near-term breakout with the cross sticking to its November vary (81.00-83.00) as momentum indicators recommend an absence of agency path.

AUDJPY PRICE CHART: Each day Time Body (JanNov 2018)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Bearish Momentum Indicators Moderating

AUDNZD edging again in the direction of the 1.07 deal with, nonetheless, the rise within the cross has struggled above the 23.6% Fibonacci retracement located at 1.0677. Alongside this, the pattern stays to the draw back, nonetheless, bearish momentum indicators have moderated, whereas help on the 1.06 deal with has saved the cross underpinned. On the upside, there’s little in the way in which of notable resistance until 1.08.

AUDNZD PRICE CHART: Each day Time Body (Mar– Nov 2018)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

G10 FX Technical Reviews

— Written by Justin McQueen, Market Analyst

To contact Justin, electronic mail him at Justin.mcqueen@ig.com

Comply with Justin on Twitter @JMcQueenFX


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