Oil Prices Attempt A Modest Rebound
WTI crude oil prices posted a rebound following the declines from last week. [...]
Trading news
AUD/NZD Bounces Off Support
The AUD/NZD bounced off support as expected, driven by worse than expected Unemployment Rate (5.2 % vs 4.8 %) while AUD Commodity Prices showed an increase by 10.9%. Technically POC comes within 1.0355-1.0370 (DPP, L3, 61.8, ABCD hist). The up move is supported by historical ABCD pattern at L3 support so on the next retest of POC zone we might see another bounce towards 1.0430 region. If we don’t see a retracement to POC then a strong h1 momentum or 4h close above 1.0435 might push the price to 1.0470.
Wednesday, 01 Feb, 2017 / 3:54
Source : https://admiralmarkets.com/analytics/technical-analysis/aud-nzd-bounces-off-support
Trading news
Dollar Pulls Slightly After Yearly High The dollar ended slightly lower at the [...]
Wall Street eyes Yellen testimony, dollar eases
Stocks perk up after slow start to the week as focus turns to [...]
