11-22-2019, 08:40 AM
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!
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!