Technical Talk: 11.01.2019

Fri, 11 Jan 2019 15:02

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

AUDUSD

UP

0.7180

0.7150

0.7240

0.7300

USDJPY

DOWN

108.00

107.50

109.10

109.40

NZDCHF

UP

0.6650

0.6600

0.6745

0.6790


Given the AUDUSD successfully trade beyond 50-day & 100-day SMA confluence, the pair can challenge the 0.7240 & 0.7300 resistances while downside break of 0.7180 may reprint 0.7150 on the chart. The USDJPY, however, can continue signaling 108.00 & 107.50 to comeback as quotes unless clearing 109.10, which in-turn may trigger the pair's recovery to 109.40 & 110.00. At the end, NZDCHF targets the 0.6740-45 area, breaking which the 0.6790 & the 0.6820 can entertain buyers whereas 0.6655-50 & 0.6600 could please countertrend traders during the pair's pullback.