Wednesday 27th January: Technical Outlook

IC Markets No Comments

Despite price recently consolidating gains, the weekly timeframe shows AUD/USD has scope to reach as far north as resistance at 0.8127. In order to climb, however, daily Quasimodo resistance at 0.7784 must be conquered (shines the spotlight on another daily Quasimodo resistance at 0.7893).

Tuesday 26th January: Technical Outlook

IC Markets No Comments

Those long from daily demand at 30,310-30,637 or the H4 support zone at 30,578-30,633 (both areas were noted in Monday’s technical briefing) have likely reduced risk to breakeven, and perhaps liquidated a portion of their position.

Monday 25th January: Weekly Technical Outlook and Review

IC Markets No Comments

Supply at 1.2420-1.2214 remains in focus. This, as you can probably see, is an area boasting healthy downside momentum out of its base.

The 2018 yearly opening value at 1.2004 is in the crosshairs as potential support, should sellers make an appearance this week.

Friday 22nd January: Technical Outlook

IC Markets No Comments

The round number 1.21 and trend line support combination (taken from the high 1.2344) persuaded a short-term bullish scenario on Thursday, elevating EUR/USD to 1.2150 resistance.