S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketFacts:
- The pair bounced off the key resistance area near 0.6500
- Short – term trend remains downward
Recommendation:
Trade: Short position on AUDUSD at market price
Target: 0.6465, 0.6447
Stop: 0.6508
Opinion: AUDUSD has been trading in a downward move recently. Looking at the H1 interval, one can see that the price bounced off the key 0.6500 resistance area. The red area near the 0.6500 handle on the chart below is marked with previous price reactions as well as 23.6% Fibonacci retracement and upper limit of 1:1 structure. Taking this into account, continuation of the downward move looks to be the base case scenario for now. We recommend going short AUDUSD at market price with two targets: 0.6465 and 0.6447. We also recommend placing a stop loss order at 0.6508. Source: xStation5
Today Markets
