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News Update by Bulls Capital Markets

AUD/USD:The daily chart shows key near term overhead resistance at $0.7490 so there is room for a rebound but we would still expect it to be sold into. The intraday hourly chart shows the sharp move higher yesterday in about two hours, before it started to drift back lower again, leaving resistance at $0.7450.

EUR/USD:The technical indicators are in negative configuration still and there needs to be a significant improvement to take place before we would change our outlook. The RSI would need to push and hold above 50, the MACD lines would need to push above neutral and Stochastics would need to sustainably rise above the mid-July rebound highs.

XAU/USD:The sharp flash sell-off on Monday seems to have been validated as despite the positive trading day yesterday there was hardly any impact on the massive decline.

Wednesday, 22 Jul, 2015 / 12:25

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Source : https://www.bullscapitalmarkets.com/forex-daily-newsletter/free-forex-signals.php

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