Important AUD Pairs’ Technical Overview: 18.04.2018

Anil Panchal
Important AUD Pairs’ Technical Overview: 18.04.2018

AUD/USD

Following its U-turn from 0.7805–0.7800 horizontal-resistance, the AUDUSD seems declining towards 0.7725-20 support test, but oversold RSI may confine the pair’s further downside, failing to which can highlight the 0.7700 and the 0.7670 rest-points. During the pair’s additional south-run beneath the 0.7670, the 0.7650 may become an important level to watch that if broken might not hesitate dragging the quote to 61.8% FE level of 0.7595. Meanwhile, an upside break of 0.7805 can trigger the pair’s recovery in direction to 0.7840 and then to the 0.7850-55. In case if buyers manage to conquer the 0.7855, the 0.7900 and the 0.7935 may appear in their radars to target.

EUR/AUD

Even if lesser than expected reading of EU Final CPI pulled the EURAUD back from nearby TL resistance, the pair can’t be termed weak unless closing below three-month old ascending trend-line, at 1.5790 now. However, chances of its dip to 1.5870 and to the 50-day SMA level of 1.5845 can’t be denied. Given the pair’s break of 1.5790, the 1.5750 can offer an intermediate halt in the course of its drop to 100-day SMA level of 1.5640. On the contrary, clearance of the 1.5955 resistance-line can quickly flash the 1.6000 round-figure on the chart whereas 1.6060 and the 1.6130 could entertain the Bulls afterwards. Moreover, price-rally above 1.6130 can aim for 1.6190 and the 61.8% FE level of 1.6340.

AUD/JPY

AUDJPY’s sustained break of upward slanting trend-channel signals the pair’s downturn to the 83.00 and then to the 82.60. Should sellers dominate past-82.60, the 81.90 and the 81.25 numbers can please them. Alternatively, north-side break of 83.55 reignites the importance of a descending trend-line stretched since late-February, at 84.00 now, breaking which 84.25 and the 84.50 can act as buffers ahead of pushing optimists to target 85.00 mark.

AUD/NZD

Considering the AUDNZD’s uptick beyond immediate TL resistance, the pair is likely heading towards 1.0635 and then to the 1.0670 but downward slanting trend-line, at 1.0685, may challenge the quote’s strength. If prices surpass 1.0685, the 1.0700, the 1.0760 and the 1.0800 are likely consecutive stats to mark their presence. Assuming the pair’s inability to sustain the breakout, the 1.0585 and the 1.0550 can come-back as levels while 1.0520, the 1.0500 and the 1.0485 may provide rests to the pair then after.

Cheers and Safe Trading,
Anil Panchal

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US