Big week for AUD, GBP & USD

November 2, 2015

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Currency Updates:

GBP/USD Intraday: the upside prevails.
Pivot: 1.5375

Our preference: Long positions above 1.5375 with targets @ 1.549 & 1.551 in extension.

Alternative scenario: Below 1.5375 look for further downside with 1.5345 & 1.5305 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:
1.553 **
1.551 ***
1.549 **
1.543 Last
1.5375 **
1.5345 ***
1.5305 ***

AUD/USD Intraday: the upside prevails.
Pivot: 0.7065

Our preference: Long positions above 0.7065 with targets @ 0.716 & 0.72 in extension.

Alternative scenario: Below 0.7065 look for further downside with 0.7015 & 0.6975 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:
0.7225 ***
0.72 ***
0.716 ***
0.713 Last
0.7065 ***
0.7015 **
0.6975 **

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING CENTRAL current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable. 

 

Easy Forex Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Easy-Forex recommends that you read the Regulation Page, The Product Disclosure Statement, the Terms and Conditions and the Financial Services Guide before making any decision concerning Easy-Forex’s products.

 

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