What currencies are set to rebound?
Here are some of today’s directional views in currencies and Gold from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Subscribe to receive our daily newsletter.
AUD/USD intraday: rebound
0.7313 is our pivot point.
The downside breakout of 0.7313 would call for 0.7287 and 0.7271.
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.7333) but below its 50 period moving average (0.7345).
USD/JPY intraday: rebound towards 109.87
Our pivot point is at 108.94.
Rebound towards 109.87.
The downside breakout of 108.94 would call for 108.59 and 108.39.
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109.25 and 109.38).
Gold intraday: the upside prevails as long as 1777 is support
Our pivot point stands at 1777.00.
The upside prevails as long as 1777 is support.
The downside breakout of 1777 would call for 1764 and 1756.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1782.60 and 1779.50).
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