Daily Forex Technical Analysis - 28 Aug 2014 | Vantage FX

Technical Analysis – 28th August, 2014

August 28, 2014

Thursday 28th August, 2014


Intraday Support & Resistance Levels


Technical Indicator Signals


Currency Pair Spotlight

AUDUSD: Aussie jumped up and broke last week high to 0.9370 against Dollar. Two failed attempts on breaking 0.9240 support in this month and RSI standing upon 50 are giving us indications that Aussie may be ignoring the subduing effect of head-and-shoulders pattern. Alligator shows a sign of bounce and AO is near to enter positive territory. Under the background where USD rise may hold for a while, Aussie/Dollar may have the chance to surge back to upper boundary 0.95 again.

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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