Technical Analysis – 26th February, 2015 | Vantage FX

Technical Analysis – 26th February, 2015

February 26, 2015

Thursday 26th, February 2015

 

Intraday Support & Resistance Levels

 

Technical Indicator Signals

 

Currency Pair Spotlight

AUDUSD: The critical resistant level 0.7850 of AUDUSD now has been broken out. The Australian Dollar has maintained its strength after Yellen’s first slight-dovish statement during the last day’s trading. News outlets have reported that real-money buy orders had supported the AUD. However, the outlook of this currency pair is still bearish as there is no sign of rebound commodity prices and domestic economic activities remain weak. The above bull target is 0.80 and sell orders will resume if the pair falls back below 0.7850.

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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