Advertisement
advert
FxAllNews
main970 2

Forex Technical Outlook AUDUSD 04.07.2017

4 July 2017 04:56 PM BDT
Forex Technical Outlook AUDUSD 04.07.2017

AUDUSD

The Aussie dollar fell sharply after RBA kept interest rates unchanged at record low at 1.5%, as widely expected, but following rate statement disappointed markets. RBA kept neutral bias, showing no hurry to hike, while markets expected more hawkish wording after ultra hawkish comments from former board member Edwards last week, who signaled possibility of very aggressive approach in 2018/19. The Australian dollar fell to 0.7604 (Fibo 61.8% of 0.7535/0.7712 upleg) on strong post RBA bearish acceleration from session high at 0.7682, extending pullback into second straight day. Monday’s strong close in red confirmed reversal pattern, as today’s fresh bearish acceleration turned near term focus lower and south heading daily RSI / slow stochastic showing more room at the downside. Fresh bearish signal could be expected on close below 0.7600 that would expose a cluster of MA supports below, starting with 20SMA at 0.7588, followed by 100SMA at 0.7553 and 30SMA at 0.7543, which guard key near term support at 0.7535 (22 June trough / daily cloud top / Kijun sen line). At the upside, broken daily Tenkan sen marks initial resistance at 0.7623, followed by broken Fibo 38.2% at 0.7644 and session high at 0.7682.

Res: 0.7623; 0.7644; 0.7682; 0.7694 Sup: 0.7604; 0.7588; 0.7577; 0.7553

Add Your Comment
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Canada GDP expands in October, but inflation dips
Canada GDP expands in October, but inflation dips
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Technical Reviews for Gold and Silver (December 2018)
Technical Reviews for Gold and Silver (December 2018)
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Left 120x600
Right 160x2