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The Aussie is still struggling to hold a place above 0.69

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 14, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    AUDUSD Daily 14-01-2016 07-06-38 ص.jpg
    AUDUSD has fallen today to 0.6917 which has not been seen since last Sep. 7, despite the release of the Australian labor report of December which came today to show seasonally adjusted employment change retreating by 1k, while the market was waiting for losing 12.5k, after adding 75k in November with unchanged seasonally adjusted unemployment rate at 5.8% while the consensus was referring to rising to 5.9%.

    AUDUSD came under pressure, after containing its rebound from 0.7095 following forming lower high at 0.7325 below 0.7383 resisting level.

    The pair can be exposed to increasing of the downside momentum in case of breaking 0.6903 supporting level which could prop up the pair on last Sep. 4.

    AUDUSD daily Parabolic SAR (step 0.02, maximum 0.2) is now its ninth consecutive day of being above the trading rate reading today 0.7142.

    AUDUSD daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is still having its main line in the oversold area below 20 reading 17.521 and also its signal line which is reading 18.183.

    Important levels: MA50 @ 0.7172, MA100 @ 0.7152 and MA200 @ 0.7383


    S1: 0.6903
    S2: 0.6769
    S3: 0.6527
    R1: 0.7046
    R2: 0.7084
    R3: 0.7120

    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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    #1 fx-recommends, Jan 14, 2016
    Last edited: Jan 14, 2016

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