Daily analytical report (14/10/16)

2016-10-14T17:27:29
  • Fundamentally quiet end of the week.
  • AUDUSD bounces nicely from the trend line and is close to the long-term trend line, again.
  • Gold still defends 1250 USD/oz but cannot produce any proper bounce which is potentially dangerous for buyers.
  • AUDCAD is trying to break the upper line of the flag which could trigger another bullish wave, just below an important resistance.
  • EURAUD is attacking the 1.4444 support, which has been historically stopping any decline since mid-2015.
  • SP500 was approaching 2103 support but bounce started 4 points higher. Yesterday’s candlestick is a nice bullish hammer.

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