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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 16.02.2016
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The precious metal had climbed to a year-high of 1,263.58 on Thursday as turmoil in global equities stoked safe-haven demand for the yellow metal, along with the USD weakness.Gold price declined from 1250.00 area to around 1210.00 as risk assets staged a recovery.
TECHNICAL ANALYSIS BY NSFX 16.02.2016
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Despite the positivity on oil with trading above moving averages at 29.00, but we need to witness a stable move above 29.65 to extend the correction. In fact, we see nothing but massive amounts of resistance all the way to the 34.00 level.
TECHNICAL ANALYSIS BY NSFX 16.02.2016
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AUDUSD is trading higher on the heels of stronger equity and commodity prices. Outlook in the pair is unchanged. AUDUSD has no direction for the last few weeks, actually pair is still trapped in a sideways range since September 2015, so we assume that something more complex is unfolding here.