Thursday 14th August, 2014
Currency Pair Spotlight
AUD/USD: The Aussie led the rebound of commodity currencies against Dollar after the disappointing U.S. Retail Sales. It rose back beyond the 0.93 level. However, 0.9320 is the neckline of head-and-shoulders top pattern. The near term outlook of the Aussie is still permissible as long as it was still subdued by this resistant level. Technically, the prices are moving in the bearish channel which had started from 24 July. Also, AO and RSI are still in the bearish zone. 0.92 will be the next target of bears.
For a full market wrap up, see Anthony’s Daily Forex Market Report.
Intraday Support & Resistance Levels
Technical Indicator Signals
Today’s Key Economic Calendar Events
For the full week’s outlook of events, please see our Economic Calendar
Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by MXT Global Pty Ltd, does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. The research contained in this report should not be construed as a solicitation to trade. All opinions, news, research, analyses, prices or other information is provided as general market commentary and marketing communication – not as investment advice. Consequently any person acting on it does so entirely at their own risk. The experts writers express their personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy and timeliness and MXT Global shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on the service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.