Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | Close to-term Stabilisation as Zero.71 Holds

AUDJPY | Topside Resistance Holds, Outlook Stays Bearish

AUDNZD | Key Help Retains Cross Afloat

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AUDUSD | Close to-term Stabilisation as Zero.71 Holds

AUDUSD didn’t make a convincing break above the descending trendline but once more. The pair at present holding the Zero.7100 deal with after a considerably extreme transfer to the draw back. Key help located on the Zero.7067, which marks the 23.6% Fibo degree. Momentum indicators stay bearish; nonetheless, this has eased in latest periods, which in flip might see slight stabilisation within the near-term. On the topside, resistance is at Zero.7180-Zero.7200.

AUDUSD PRICE CHART: Each day Time Body (Sep 2018 – Feb 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Topside Resistance Holds, Outlook Stays Bearish

AUDJPY stays bearish under 80.00, in a single day noticed topside resistance at 79.80 maintain agency. Momentum indicators proceed to level to a bearish outlook. Eyes now on help located at 78.40-50, whereby a agency break under might open up a transfer in direction of 78.00.

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

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Key Help Retains Cross Afloat

Key help on the 1.04 deal with continues curb AUDNZD from additional losses, alongside this, bearish momentum indicators have notably eased over the previous week suggesting that the cross might have primarily based out round 1.0370. As such, there may be elevated scope for a transfer to the upside with the 50dma at 1.05 in focus.

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, e-mail him at Justin.mcqueen@ig.com

Comply with Justin on Twitter @JMcQueenFX


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