Technical Talk - 13.09.2017

September 13, 2017 10:41

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

AUDUSD

UP

0.8000

0.7935

0.8060

0.8125

NZDUSD

UP

0.7315

0.7340

0.7260

0.7230

EURCAD

UP

1.4465

1.4400

1.4660

1.4720

AUDUSD's inability to extend latest pullback below 0.8000 again favors its up-moves towards 0.8055-60 horizontal-region, breaking which it can rally to recent high of 0.8125. However, a downside break of 0.8000 reignites the importance of medium-term upward slanting trend-line, at 0.7935 now. Further, NZDUSD again aims for 50-day SMA level of 0.7315, breaking which 0.7340 & 0.7370 could please buyers while 0.7260 & 0.7230 may act as nearby supports for the pair. Furthermore, EURCAD's bounce from 1.4465-80 horizontal support-region points to its extended recovery in direction of 1.4660 & 1.4720 while a dip below 1.4465 may fetch the quote to 1.4400 support-mark.

Cheers and Safe Trading,
Anil Panchal