Market Research and Analysis

Daily Market Analysis Report

Mon, 12 Dec 2016 05:22 AM GMT

Author: Senior Forex Analyst, Arslan Ali Butt

  • Daily Trading Range:
  • 0. 7550 – 0.7275
  • Support & Resistance Levels:
  • R3: 0.7545
  • R2: 0.7515
  • R1: 0.7496
  • Pivot Point: 0.7466
  • S1: 0.7436
  • S2: 0.7417
  • S3: 0.7387
  • Trading Recommendation:
  • Sell Below: 0.7475
  • Take Profit:
  • 1st @ 0.7385
  • Stop Loss @ 0.7510


AUDUSD is trading at 0.7452, the AUDUSD organized a strong rebound, after a weaker Asia opening, now taking the rate past the mid-purpose of 0.74 handles in the midst of a hazard agreeable market environment, supported by end of the week’s oil yield cut arrangement. Moreover, the high to low movement remained 70 Pips.

Fundamental Overview

Fundamentally, Currently, the AUD/USD match exchanges 0.11% higher at 0.7456, remembering from session tops set only in front of 5-DMA at 0.7464. The overnight rally in oil costs post-retail marketplaces cheered an oil yield cut, at last, came to between the OPEC and non-OPEC makers on Saturday, gave some force to the resourced-connected AUD.  In addition, oil bargain prompted chance on exchanges over the business sectors additionally teamed up to the bullish estimation around the higher-yielding developing business sector money, while the US dollar remains comprehensively repressed.

Today on Monday, the investors are recommended to monitor the following events:


  • No Economic Event Expected


  • 10-y Bond Auction

Technical Overview

AUDUSD consolidates around 0.7453 hold below a strong triple top resistance in H4 as well as above a bullish trend line support level of 0.7480. The RSI value has shifted higher to 50 from 49. Today, the AUDUSD can find a resistance at 0.7480 and 0.7530, further the supports remains at 0.7430 and 0.7385.

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