Daily analytical report (14/10/16)

Posted On 14 Oct 2016

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Fundamentally quiet end of the week.

AUDUSD bounces nicely from the trend line and is close to the long-term trend line, again.

Gold still defends 1250 USD/oz but cannot produce any proper bounce which is potentially dangerous for buyers.

AUDCAD is trying to break the upper line of the flag which could trigger another bullish wave, just below an important resistance.

EURAUD is attacking the 1.4444 support, which has been historically stopping any decline since mid-2015.

SP500 was approaching 2103 support but bounce started 4 points higher. Yesterday’s candlestick is a nice bullish hammer.

Source:: Daily analytical report (14/10/16)

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