Technical Overview of AUD/USD and GBP/USD Currency Pair
AUD USD
AUD traded higher against USD and closed at 0.6784
• Flat in a quiet tight 0.6785/0.6795 range as options contain
• 0.6785-95 1.1BLN and 0.6900 500M strikes dominated in Asia
• Risk bounce in Asia after a soft week, Nikkei +0.6%, AsiaxJP +0.3%
• Charts - momentum studies, 5, 10 & 21 DMAs head south - bearish setup
• Dip recently stalled at 0.6769, which remains pivotal and vulnerable
• NY 0.6783 low and earlier 0.6795 high initial support and resistance
According to the Analysis, pair is expected to find support at 0.6786 and a fall through could take it to the next support level of 0.6785. The pair is expected to find its first resistance at 0.6788 and a rise through could take it to the next resistance level of 0.6789.
GBP USD
GBP traded higher against USD and closed at 1.2913.
• Cable saw steady interest and trades +0.1% in a 1.2903/1.2921 range
• Conservatives to raise property purchase tax for non-UK residents
• A revenue raiser that will be popular with UK voters
• FT's poll tracker, Conservatives hot favorites, +13pts from +11 over Labour
• Charts - 5, 10 & 21 DMAs gently edge higher - modest topside bias
• Six week 1.2770/1.3012 range looks set to extend unless the USD trends
According to the Analysis, pair is expected to find support at 1.2917 and a fall through could take it to the next support level of 1.2916. The pair is expected to find its first resistance at 1.2923, and a rise through could take it to the next resistance level of 1.2924.
Important Economic Events of the Week (18 Nov, 19 to 24 Nov, 19)
• CAD: Core Retail Sales m/m
• EUR: ECB President Lagarde Speech
• EUR: GDP q/q
• SGD: GDP q/q
• USD: EIA Crude Oil Stocks Change
For More information about the release time of news and its impact visit
Economic Calendar Page!