Daily Forex Technical Analysis - 19 Aug 2014 | Vantage FX

Technical Analysis – 19th August, 2014

August 19, 2014

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.

For a full market wrap up, see Anthony’s Daily Forex Market Report.


Today’s Key Economic Calendar Events

For the full week’s outlook of events, please see our Economic Calendar


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