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After rebounding from 0.7095, AUDUSD resided for trading near 0.73

Discussion in 'Current Market Sentiments' started by fx-recommends, Dec 31, 2015.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    AUDUSD Daily 31-12-2015 07-03-55 ص.jpg
    After having a higher low at 0.7095, AUDUSD could extend its rebound to be trading currently near 0.73 above the pair daily SMA50 and daily SMA100 but below its daily SMA 200 which is moving current above its resisting level at 0.7383 which stopped the pair on this Dec. 14.

    This current rebound of AUDUSD made it trading above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 0.7158 in its eighth consecutive day of being below the trading rate.

    AUDUSD daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is having its main line is in the overbought area above 80 referring to 87.832 and also its signal line which is reading now 83.734, despite easing of the rebound upside momentum with meeting 0.73.

    Important levels: MA50 @ 0.7197, MA100 @ 0.7173 and MA200 @ 0.7410


    S1: 0.7095
    S2: 0.7014
    S3: 0.6933
    R1: 0.7383
    R2: 0.7494
    R3: 0.7847

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

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