Daily Technical by AAATrade

[axamava]

Market Scenario 1: Long positions above 0.7232 with targets @ 0.7254 & 0.7284

Market Scenario 2: Short positions below 0.7232 with targets @ 0.7202 & 0.7180

Comment: Amid adverse news out of Australian’s Private Capital Expenditure Aussie came under selling pressure and closed yesterday’s session with 30 pips loss against US Dollar, erasing almost all the gains it managed to achieve on Tuesday. Today Aussie continues trading under pressure testing the First support level.

Supports and Resistances:

R3 0.7306

R2 0.7284

R1 0.7254

PP 0.7232

S1 0.7202

S2 0.7180

S3 0.7150

[Bitcroka]

Market Scenario 1: Long positions above 130.12 with targets @ 130.37 & 130.63

Market Scenario 2: Short positions below 130.12 with targets @ 129.86 & 129.61

Comment: European currency continues losing its positions against the Japanese Yen for the fourth day in the row dropping below psychologically important level of 130 Yen per 1 Euro. Currently the pair was already sent below the First support level, with the aim to break through its recent low of 129.76 and then test the Second Support level.

Supports and Resistances:

R3 130.88

R2 130.63

R1 130.37

PP 130.12

S1 129.86

S2 129.61

S3 129.35

[Brendapt]

AUD/USD

Market Scenario 1: Long positions above 0.7223 with targets @ 0.7259 & 0.7306

Market Scenario 2: Short positions below 0.7223 with targets @ 0.7176 & 0.7140

Comment: Aussie continues falling against US Dollar for the second day in the row, closing yesterday’s session with 40 pips Loss. Today, during early European session the pair came under pressure and was sent below Pivot Point and the first Support level.

Supports and Resistances:

R3 0.7342

R2 0.7306

R1 0.7259

PP 0.7223

S1 0.7176

S2 0.7140

S3 0.7093

[boroVika]

EUR/USD

Market Scenario 1: Long positions above 1.0874 with targets @ 1.0919 & 1.0947

Market Scenario 2: Short positions below 1.0874 with targets @ 1.0846 & 1.0801

Comment: European currency during yesterday’s session re-gained all its losses incurred on Monday against US Dollar, closing the day with 60 pips profit. Today the pair amid promising news out of Eurozone broke through both Resistance levels aiming to test the last one at 1.0992

Supports and Resistances:

R3 1.0992

R2 1.0947

R1 1.0919

PP 1.0874

S1 1.0846

S2 1.0801

S3 1.0773