AUD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As the Australian Dollar strengthens against other currencies, it has also formed a channel up pattern against the Japanese Yen. The currency exchange rate rebounded against the patterns lower trend line around 8:00 GMT at 76.50, and at the moment it is trading at 76.71. The upper trend line is located at 77.60, and the pair's way to it is beset with resistances, as there is a cluster from 76.94 to 77.04 made up of the weekly and monthly pivot points and the 200-hour SMA. However, the AUD/JPY pair is overbought, as 73% of open SWFX positions are long.
© Dukascopy Bank SA
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Mon, 04 Jul 2016 06:37:53 GMT

NZD/USD 1H Chart: Channel Up

Despite the recent (June 23) test of the upper bound of the bullish channel that originated in mid-2015, NZD/USD managed to find solid support at 0.6970. From here, the currency pair formed an ascending channel, which is set to develop further, considering a plethora of bullish technical indicators. The positive bias is further reinforced by the positioning among the SWFX

Fri, 01 Jul 2016 11:20:07 GMT

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