Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | Key Help in Focus

AUDJPY | Pattern Alerts Weak, Topside Resistance Holds

AUDNZD | Attainable Backside as Key Help Stays Agency

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AUDUSD | Key Help in Focus

AUDUSD hovering beneath zero.7100 sees key help at zero.7067, which marks the 23.6% Fibonacci retracement, a transfer beneath would see a take a look at of help at zero.7050. DMIs proceed to indicate that the outlook stays tilted to the draw back, with rallies within the pair prone to be capped at zero.7150 and zero.7200.

AUDUSD PRICE CHART: Each day Time Body (Aug 2018 – Mar 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Pattern Alerts Weak, Topside Resistance Holds

AUDJPY continues to commerce beneath the 80.00, which retains the outlook bearish albeit mildly in order momentum indicators ease. Alongside this, pattern alerts are weak, consequently, implying that AUDJPY might stay comparatively range-bound within the near-term. As topside resistance at 79.80-80.00 holds a big pullback may see help at 78.30-50 come into focus.

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

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Attainable Backside as Key Help Stays Agency

Dips beneath key help at 1.04 has didn’t spark additional promoting in AUDNZD and provided that pattern alerts stay weak, the 1.04 may proceed to carry, additional suggesting that the cross may have primarily based out at 1.0370. Nevertheless, whereas this will likely have been the case, there’s little in the best way of tentative indicators that the cross will see in notable restoration. Topside resistance resides at 1.05, which marks the 50DMA.

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

Comply with Justin on Twitter @JMcQueenFX


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