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The Aussie rebound could be fueled by higher inflation rate in last year Q4

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 26, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    AUDUSD Daily 27-01-2016 04-44-52 ص.jpg

    AUD could be boosted during the Asian session, after the release of higher than expected inflation figures in the fourth quarter of last year. CPI Q4 rose yearly by 1.7%, while the market was waiting for 1.6%, after 1.5% in the third quarter showing lower probability of having further stimulating measurements by RBA which has kept the interest rate unchanged at 2% since last May. 5.

    AUDUSD is now trading near 0.7030, after rebounding from 0.6916 whereas it has formed higher low above its bottom of this Jan. 15 at 0.6825.

    AUDUSD is still facing difficulty to get over 0.7046 which set it back twice this month

    AUDUSD daily Parabolic SAR (step 0.02, maximum 0.2) is now its fifth day of being below the trading rate reading today 0.6851.

    AUDUSD daily RSI-14 is referring now to existence in its neutral area reading now 48.390 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line now in the neutral region but close to the overbought area above 80 reading now 75.755 and also its signal line which is referring to 74.834

    Important levels: Daily SMA50 @ 0.7148, Daily SMA100 @ 0.7146 and Daily SMA200 @ 0.7349


    S1: 0.6916
    S2: 0.6825
    S3: 0.6769
    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

    To open your account at Trade-24 - Click here

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