Minors Daily Forecast Aug 12 2016

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AUDUSD: Halts Gains, Losses The Upside Momentum !

AUDUSD: The AUDUSD halts its gains as we suggested a few days ago by the key the resistance 0.7718/0.7765 levels. Now the focus will turn on the key support 0.7658. A daily closing below the 0.7658 levels will suggest short term topping and shift the risk to the downside towards the 0.7583 levels, where a break will pave the way to the 0.7500 levels. On the upside,a failure to hold below the 0.7658 levels could mean a return to the 0.7718/0.7765 levels where a break will resume the bullish trend and pave the way to the 0.7835 levels…Conclusion: The AUDUSD continues to face upside threats above the 0.7658 levels (cautiously).

Minors Daily Forecast Aug 12 2016-AUDUSDUSDCAD: Broader Bias Shifts To The Downside!

USDCAD: Outlook in USDCAD has turned to the downside, resistance comes at the 1.3078 levels, support comes at the 1.2957 levels where a cut will open 1.2875 levels, a halt is likely but below 1.2875 sees another fall to the 1.2775 levels.

On the upside, resistance comes at the 1.3078 levels, above 1.3078 will reverse risk towards the 1.3200/1.3250 levels…

Conclusion:The USDCAD sees a fall risk below the 1.3078 levels…

Minors Daily Forecast Aug 12 2016-USDCAD

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