Daily analytical report (21/10/16)

Posted On 21 Oct 2016

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Draghi sends EURUSD lower. Next stop should be 1.830.

After another failed attempt to break the longterm neck line, AUDUSD goes lower. Next stop – bullish trend line connecting 2016 higher lows.

After the bullish breakout from the pennant, USDCHF approaches the 0.996 resistance. Price action should show us the next direction.

WTI fails to hold the high levels after better data. 50$/bbl could be soon broken.

Thanks to worse than expected data from Canada, AUDCAD approaches higher according to the trend and USDCAD goes to the highest levels since March. USDCAD has strong resistance ahead (upper line of the long-term wedge and 38,2% Fibo).

Source:: Daily analytical report (21/10/16)

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