Minors Monthly Forecast Oct 2016

AUDUSD: Bullish Eyes The 0.8000 Levels...USDCAD: Bearish Despite Recovery Attempts ! NZDUSD: Bullish But Hesitates Ahead Of Key Resistance !

Minors - 956854 (1)

AUDUSD: Bullish Eyes The 0.8000 Levels…

As long as 0.7441 support holds on a monthly closing basis, the AUDUSDremains on the upside towards the 0.8000 levels, a halt is likely but a break would open 0.8300 levels ahead of the 0.8660 levels. On the downside, below 0.7441 sees a pullback risk to the 0.7108 levels before the next rising…

minors-monthly-forecast-oct-2016-audusdUSDCAD: Bearish Despite Recovery Attempts !

As long as 1.3218 resistance holds on a monthly closing basis, the USDCAD remains on the downside to the 1.2830/1.2450 levels, further down, support stands at the 1.1919 levels. On the upside, above 1.3218 sees a recovery risk to the 1.1400 levels before the next falling…

minors-monthly-forecast-oct-2016-usdcadNZDUSD: Bullish But Hesitates Ahead Of Key Resistance !

As long as 0.7128 support holds on a monthly closing basis, the NZDUSD remains on the upside to the 0.7625 levels where strong rejection is likely, above 0.7625 will turn the focus on the 0.8050 levels. On the downside, below 0.7128 sees a pullback risk to the 0.6758 levels before the next rising…(Note: stability above 0.7300 minor resistance at least on a weekly basis will accelerate the expected bullish move, a failure to hold above 0.700 levels could mean a return to the 0.7128 levels before the next rising…

minors-monthly-forecast-oct-2016-nzdusd

MARKET DATA

UPCOMING ECONOMIC EVENTS