Daily Technical Analysis – 04th June, 2015
By FxGrow Research & Analysis Team
AUDUSD had a bullish trend yesterday and is now trading below its 20day moving average of 0.7761 in the Asian trading session. The near term bias remains Bearish with targets of 0.7650
RSI (14), CCI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA200 indicate a SELL; STOCH (9, 6), STOCHRSI (14) are Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 0.7707 while Resistance is at 0.7801
04th June 2015 – 07:16hrs GMT
USDJPY was indecisive yesterday and is now trading below its 20day moving average of 124.34 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.85
RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.
Support is at 123.86 while Resistance is at 125.45
04th June 2015 – 07:21hrs GMT
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