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
Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by MXT Global Pty Ltd, does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. The research contained in this report should not be construed as a solicitation to trade. All opinions, news, research, analyses, prices or other information is provided as general market commentary and marketing communication – not as investment advice. Consequently any person acting on it does so entirely at their own risk. The experts writers express their personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy and timeliness and MXT Global shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on the service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.