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Technical Analysis
Feb
12
TECHNICAL ANALYSIS BY NSFX 12.02.2016
HIGH: | LOW:
The pair is well below its 1-year standard deviation channel which is usually a decent metric for identifying markets that are oversold so the risk is rising for a multi-day counter-trend recovery in our view.
12
TECHNICAL ANALYSIS BY NSFX 12.02.2016
HIGH: | LOW:
Oil broke through a multi-year low in the 27.00 to tackle fresh lows in the 26.00 area. The prices crashed below 29.00 levels to flirt with 13-year lows on Thursday, as investors shunned risk amid anxiety over slowing global growth and tighter credit markets.
12
TECHNICAL ANALYSIS BY NSFX 12.02.2016
HIGH: | LOW:
Currently 0.7096 on AUDUSD sales but finding support into 0.6820 again. Recent updates have noted that the false break under the September low could result in some pain for breakout traders which imply a rally attempt.