Daily Technical Analysis – 11th June, 2015
By FxGrow Research & Analysis Team
AUDUSD remained bullish yesterday and touched a high of 0.7781 but now it has corrected lower. Now the pair is trading below its 20day moving average of 0.7753 in the European trading session. The near term bias remains Neutral to Bearish.
RSI (14), CCI (14) are Neutral; STOCHRSI (14), ADX (14), ROC indicate a SELL; while Average True Range (14) indicates Less Volatility.
Support is at 0.7721 while Resistance is at 0.7784
11th June 2015 – 08:27hrs GMT
USDJPY had a strong bearish momentum yesterday and touched a low of 122.44 but has now corrected higher. Now it is trading above its 20day moving average of 122.94 in the European trading session. The near term bias remains Neutral to Bullish with targets of 124.00
RSI (14), STOCH (9,6), ADX(14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.
Support is at 122.45 while Resistance is at 123.75
11th June 2015 – 08:31hrs GMT
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