Minors Daily Forecast Oct 18 2016

AUDUSD, Recovers With Caution ! USDCAD: Under Pressure, Faces Further Pullback ! NZDUSD, Recovers, Testing Minor Resistance ...

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Minors - 956854 (1)

AUDUSD, Recovers With Caution !

 

As long as 0.7622 – broken resistance turned support – holds on a daily closing basis, the AUDUSD remains in a recovery mode and further upside could be seen in AUDUSD, but the upside is likely to be limited by the 0.76292 levels, above 0.7692 will open the 0.7764 levels.

Below 0.7622 will restore the downside momentum and turn the focus back on the 0.7536 levels…

 

minors-daily-forecast-oct-18-2016-audusdUSDCAD: Under Pressure, Faces Further Pullback !

As long as 1.3138 – broken support turned resistance – holds on a daily closing basis, the USDCAD remains in a pullback mode and further down could be seen in USDCAD to the 1.3028 levels, below 1.3028 will open the 1.2935 levels…

Above 1.3138 will bring large consolidation with upside bias…

 

minors-daily-forecast-oct-18-2016-usdcadNZDUSD, Recovers, Testing Minor Resistance …

As long as 0.7132 support holds on a daily closing basis, the NZDUSD remains in a recovery mode and further upside could be seen to the 0.7200 levels where rejection is likely, however; above 0.7200 will extend recovery to the 0.7314/0.7363 levels.

Below 0.7132 sees a fall risk to the 0.7059 levels before the next possible rising…

minors-daily-forecast-oct-18-2016-nzdusd

 

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