Minors Daily Forecast Oct 19 2016

AUDUSD, Bullish Eyes The 0.7740 Levels ! USDCAD: Under Pressure, Faces Further Pullback ! NZDUSD, Recovers, Testing Minor Resistance ...

0
490
Minors - 956854 (1)

AUDUSD, Bullish Eyes The 0.7740 Levels !

As long as 0.7623 support holds on a daily closing basis, the AUDUSD remains on the upside to the 0.7738 levels, a halt is likely and a reversal may occur, however; a break would open 0.7800 ahead of 0.7870 levels…

On the downside, below 0.7623 sees a pullback risk to the 0.7537 levels before the next rising…

minors-daily-forecast-oct-19-2016-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-19-2016-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-19-2016-nzdusd

 

MARKET DATA

UPCOMING ECONOMIC EVENTS