Thursday 19th August, 2014
Intraday Support & Resistance Levels
Technical Indicator Signals
Currency Pair Spotlight
AUDUSD: 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.
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Today’s Key Economic Calendar Events
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