Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | Challenges Forward May Curb Upside

AUDJPY | Restoration Could also be Quick-lived as Draw back Dangers Stay

AUDNZD | Resistance Break Key for 1.07 Check

See our Q1 FX forecast to study what is going to drive the forex by way ofout the remainder of the 12 months.

AUDUSD | Challenges Forward May Curb Upside

Regardless of the bounce again in AUDUSD, challenges are forward for the pair. AUDUSD has recovered from final week’s flash crash lows to hit highs of zero.7150, nevertheless, the 50 (zero.7185) and 100DMA (zero.7180) may curb additional upside for now, earlier than the pivotal zero.7200 deal with. On the draw back, there may be little in the best way of notable help till the psychological zero.7000 deal with. Regardless of the raise in costs, momentum indicators stay bearish.

AUDUSD PRICE CHART: Each day Time Body (Jul 2018 – Jan 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Restoration Could also be Quick-lived as Draw back Dangers Stay

Momentum indicators proceed to suggest that dangers are skewed to the draw back for AUDJPY with the sequence of decrease highs confirming this, which in flip suggests the restoration could also be short-lived. Alongside this, worth motion may very well be curtailed by the descending trendline stemming from the Dec 2018 peak, which at the moment sits at zero.7780-90. For a continued restoration within the cross a breach of zero.7870 can be wanted.

AUDJPY PRICE CHART: Each day Time Body (Aug 2018– Jan 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Resistance Break Key for 1.07 Check

AUDNZD is at the moment hovering round essential resistance, which marks the trendline from file low, whereby a break and shut above may see the cross make a retest of the 1.07 deal with. Bearish momentum indicators have additionally moderated in current classes. Outlook is cautiously bullish within the quick time period.

AUDNZD PRICE CHART: Each day Time Body (Might 2018 – Jan 2019)

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

Observe Justin on Twitter @JMcQueenFX


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