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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 25.01.2016
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AUDUSD pair initially rallied during the course of the session on Friday but turned back around and form a perfect shooting star. The chart features a sign of resistance at the 38.2% Fibonacci level, which is just above current pricing.
TECHNICAL ANALYSIS BY NSFX 25.01.2016
HIGH: | LOW:
The chart's news is to ensure one is indeed Long Gold upon price passing up through the smooth line as it last did at 1065.00 in mid-December, since which Gold has traded as high as 1113.00, en route to settling last week at 1098.00.
TECHNICAL ANALYSIS BY NSFX 25.01.2016
HIGH: | LOW:
EURUSD plummeted to 1.0770, dipping briefly below the 50% retracement of the December rally, with the following bounce so far remaining capped by 1.0815 is up 30 pips at 1.0873. The pair traded in range during most of the last week, respecting the 1.1000 level.