AUD/NZD intraday: as long as 1.0670 is support look for 1.0740

17 October 2016, 08:45
Jumardi
0
39
AUD/NZD intraday: as long as 1.0670 is support look for 1.0740
  Our pivot point is at 1.0670.

Our preference:as long as 1.0670 is support look for 1.0740.

Alternative scenario: below 1.0670, expect 1.0660 and 1.0650.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line.
The pair could retrace. Moreover, the pair is trading under its 20 MA (1.0712) but above its 50 MA (1.0700).

Supports and resistances:
1.0760 **
1.0750 *
1.0740 **
1.0730
1.0702 last
1.0680
1.0670 **
1.0660 *
1.0650 **


Files:
Share it with friends: