2 June, 2015
Since the beginning of today’s trading session the USD has been declining against major counterparts. The rise against the USD in the AUD/USD has accelerated when RBA announced that the interest rate would be left at the previous level of 2.00%. Despite the statement by RBA that the Australian dollar should fall further down to facilitate the process of redirection of the economic development from mining to the other sectors, the pair AUD/USD has grown by 40 points within an hour.
Today’s news will include the data on the US industrial orders (17:00 (GMT+3)), which can affect movement direction in the pair AUD/USD.
Support and resistance
On the daily chart the pair has rebounded from the level of 0.7590 (Fibonacci 0%). In case of upward correction the pair will go to 0.8025 (Fibonacci 23.6%) and 0.8180 (ÅÌÀ200).
On the four-hour chart the indicators OsMA and Stochastic demonstrate buy signals.
In anticipation of the release of Non-farm Payrolls on Friday, the USD can continue today’s downward correction, and the pair AUD/USD can go up to 0. 7820 (ÅÌÀ200 on the four-hour chart) and 0.7915. The next target can be at the level of 0.8025 (Fibonacci 23.6%). However, in the medium-term the pair tends to decline due to tight monetary policy in the USA and soft monetary policy led by RBA.
Support levels: 0.7705, 0.7745, 0.7820, 0.7915 and 0.8025.
Resistance levels: 0.7590 and 0.7450.
Pending sell orders can be placed at the levels of 0.7710 and 0.7740 with the targets of 0.7610 and 0.7590. It makes sense to open long positions after breakdown of the level of 0.7740 with the targets of 0.7820 and 0.7915.
Since December 2015 the index S&P500 has been in the downtrend. In February, the index fell to the level of 2108.0, which is almost 15%. In the past 4 sessions the index had adjusted, approaching the level of 1935.0...
On the 4-hour chart, the price is testing the level of 1210.80 (23.6% correction); the ascending 38.2% fan line is an additional resistance for the price. If this resistance area is overcome, a growth would continue to 1224.90 and 1249.25...
Yesterday, the price of silver fell to last Thursday’s opening levels, when a new local low since the end of October 2015 was reached. Prices of commodity assets are falling as risk appetite is gradually returning to the market...
Yesterday the pair showed choppy trade and closed at its opening level. The price was pressured by growth in the European stock markets and Fed Chair Janet Yellen testimony before the US Congress...
The Company ranks 23th on capitalization in the finance sector among the Issuers, trading in the American stock market. On 22 January the company reported for Q4 of the fiscal year of 2015. The company has been demonstrating negative dynamics for the last few quarters...
Since the opening of the trading day the price of crude oil Brent is declining. On the hourly chart the price has broken down the first support level of 34.35 (ÅÌÀ50), which is ÅÌÀ200 on the four-hour chart...
The price of gold has returned to the level of 1190.00 USD per troy ounce, (which is had at the beginning of November), regaining half of the losses since mid-October 2015. On the daily chart the price has broken down strong resistance levels 1129.00 (ÅÌÀ200)...
Amid sharp decline in the global stock indices since the beginning of the year European index EUROSTOXX50 has lost about 14%. During the final surge of decline from 3515.0 to 2840.0 last December, the price has managed to go above the level of 23.6% Fibonacci...
On the daily chart the price has broken down the upper line of the downward channel at the level of 35.50. Although, on the daily chart the indicators OsMA and Stochastic recommend long positions; on the four-hour chart the indicators give signals in favor of the sell positions...
|8||Fort Financial Services||67%|