Now that the dust has settled post NFP, China CPI
, the AUDUSD
is ready to bounce after heavy selling over the last week. Daily RSI
and Stochastics are both sloping up now, with Stochastics rising from an oversold level. The daily MACD
blue line is trying to bottom, with the MACD
histogram becoming less negative. AUDUSD
is now just sitting in a minor resistance (previous support) zone, as indicated by the horizontal line I've drawn intersecting the current candle. This resistance area
will likely give way quickly to the next key target between .875 and .88, where the AUDUSD
will likely bump into the downtrend resistance line. The monthly chart is still bearish
, although the weekly chart has been showing bottoming efforts now for more than a month.
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for today's technical analysis
on $CT_F, $USDJPY
, $EURUSD, $GBPUSD, $VIX_F, $ES_F, $NQ_F, $AUDUSD, $DX_F, $NG_F, $CL_F.