USD/JPY Intraday: Downside prevails. The pair, as shown on a 30-minute chart, remains on the downside after a sharp decline overnight. Trading below the key resistance at 111.10, the pair is also capped by the descending 20-period moving average. And the relative strength index is still subdued in the 30s. Intraday bearishness persists, and the pair should target 110.35 and 110.00 on the downside.
EUR/USD Intraday: Upside prevails. The pair keeps trading on the upside following a sharp bounce overnight. It is currently not far away from a high of 1.1448 seen yesterday while the bullish intraday outlook is being maintained by those well-directed technical indicators (20-period, 50-period moving averages, and relative strength index). Staying above the key support at 1.1390, the pair should revisit 1.1450 (around the high of yesterday) before advancing toward 1.1475.
AUD/USD Intraday: Further advance. The pair broke above a declining trend line drawn from March 18 turning the intraday outlook bullish. Currently it continues to strike against the upper Bollinger band calling for acceleration to the upside. Support is provided by the ascending 20-period moving average, which stands above the 50-period one. Unless the key support at 0.7110 (a reaction low) is breached, the pair should charge higher toward 0.7180 and 0.7210 on the upside.
No comments:
Post a Comment