Technical Analysis – 18th February, 2015

February 18, 2015

Wednesday 18th, February 2015

 

Intraday Support & Resistance Levels

Intraday 180215 | Vantage FX

 

Technical Indicator Signals

Technical Indicator 180215 | Vantage FX

 

Currency Pair Spotlight

AUDUSD 180215 | Vantage FX

AUDUSD: The Aussie Dollar rose back above 0.78 as the RBA statement revealed that committee had some disagreement on whether to announce the rate cut in February or March meeting. The RBA had already cut the interest rate to the historical low of 2.25% to boost business confidence as the unemployment rate had reached a 12-year high. The uncertainty of China’s needs for commodities is still the biggest concern for the Australian economy. The cool down in Chinese real estate may force the RBA to provide further easing.

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

 

Today’s Key Economic Calendar Events

Economic Calendar 180215 | Vantage FX

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

 

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