View Full Version : Daily Technical by AAATrade
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
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
AUD/USD
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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
EUR/USD
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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
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