Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | Watch out for Exhaustion

AUDJPY | Key Fibo Could Come into Focus

AUDNZD | Essential Help Curbing Additional Losses

See our Q1 FX forecast to study what’s going to drive the foreign money by way ofout the remainder of the yr.

AUDUSD | Watch out for Exhaustion

AUDUSD has made a break under each the 100 and 50DMAs. Eyes will likely be on a for an in depth under, which may potential elevate the scope for a take a look at of the 23.6% Fibo stage (zero.7067). Naturally, key assist for bears to chase is at zero.7000. Momentum indicators nonetheless, supply warning to chasing AUD decrease on what may already be an exhausted transfer. Whereas alerts stay bearish, the power of the development has eased barely. Resistance located round zero.7165-70.

AUDUSD PRICE CHART: Each day Time Body (Dec 2017 – Feb 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Key Fibo Could Come into Focus

AUDJPY has made a decisive break by way of the 50DMA (78.60), nonetheless, assist at zero.7800 has held for now. A break under would see the important thing 50% Fibo come into focus (77.65). Momentum indicators have shifted from impartial to bearish, though development alerts have weakened, consequently suggesting that the cross might stay within the 77.50-80.00 vary.

AUDJPY PRICE CHART: Each day Time Body (Oct 2018– Feb 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Essential Help Curbing Additional Losses

AUDNZD is buying and selling on the lowest stage because the Jan threerd flash crash and now located at essential assist (1.0400) which has curbed additional draw back. Momentum indicators have gotten more and more bearish. As such, a break under 1.0400 may see a transfer in the direction of 1.0350. Nevertheless, given the dimensions of the transfer in current months (1.10 to 1.04) there’s a threat of a pullback, with 1.06 the pivotal goal.

AUDNZD PRICE CHART: Each day Time Body (Jun 2018 – Feb 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

— 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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