STO - AUD/USD consolidation

Monday, 13/02/2017 | 10:26 GMT-0

Disclaimer

We are seeing consolidation on AUD/USD following the move higher at the start of the month. Up-trend since start of the year remains in tact, look for support at recent lows around 0.7600, resistance near pre-US election highs of 0.7750

EUR/JPY continues to hold close to the 23.8% retracement of the post-Brexit referendum rally. Holding the 120.3-121.3 channel in the short term would pave the way for a break higher, with February highs around 122.50 then late January highs of 123.50 the targets for resistance.

note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audusd-consolidation

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