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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 25.02.2016
HIGH: | LOW:
The pair is now approaching its widely-watched 200 moving average; the last time AUDUSD traded above its 200 MA was all the way back in Q3 of 2014. Currently the pair is inching upwards to test resistance level at 0.9258.
TECHNICAL ANALYSIS BY NSFX 25.02.2016
HIGH: | LOW:
Oil price shifted down, further away from 34.25 resistance level in what could be a repetition of January’s peak and breakdown. The price declined sharply, trading below MA20 and MA50 at 31.90 and 32.15, which is a negative factor.
TECHNICAL ANALYSIS BY NSFX 25.02.2016
HIGH: | LOW:
1232.00 remains busy and has switched to a support role as gold continues to climb. Gold is testing a breakout to the topside. The price has decline strongly after finding resistance at 1206.00, and currently is approaching to test support level located at 1234.00.