Market Research and Analysis

Daily Market Analysis Report

Wed, 25 Jan 2017 06:45 AM GMT

Author: Senior Forex Analyst, Arslan Ali Butt

  • Daily Trading Range:
  • 0. 7550 – 0.7275
  • Support & Resistance Levels:
  • R3: 0.7637
    R2: 0.7597
    R1: 0.7572
    Pivot Point: 0.7533
    S1: 0.7493
    S2: 0.7468
    S3: 0.7429
  • Trading Recommendation:
  • Sell Below: 0.7565
    Take Profit:
    1st @ 0.7525
    Stop Loss @ 0.7585


AUDUSD is trading at 0.7580, down -0.05% on the day, having posted a daily high at 0.7606 and low at 0.7553. The AUD economic docket, investors and traders await the Consumer Price Index YoY figures, consensus target 1.6% which value represents +0.3% increase from previous 1.6%. Furthermore, if the final figure prints a value as ‘expected’ or ‘better than expected,’ in a matter of seconds risk-sentiment may shift towards adding more long-Aussie positions. Historical data indicates that the Australian dollar had it highest performance day at +1.18% or 89-pips (Jan.17) and the lowest at -0.81% or 61-pips.

25 Jan AUD
Fundamental Overview

CPI rose 0.5% this quarter, compared with a rise of 0.7% in the September quarter 2016, rose 1.5% over the twelve months to the December quarter 2016, compared with a rise of 1.3% over the twelve months to the September quarter 2016.  The most significant price rises this quarter are tobacco (+7.4%), automotive fuel (+6.7%), domestic holiday travel and accommodation (+5.5%) and new dwelling purchase by owner-occupiers (+0.5%). The most significant offsetting price falls this quarter are international holiday travel and accommodation (-2.6%).


  • CPI q/q
  • Trimmed Mean CPI q/q


  • HPI m/m
  • Crude Oil Inventories

Technical Overview

Technically, the AUDUSD is trading bearish at the movement on the release of unfavorable fundamentals. It has a strong resistance at 0.7580, holding below a double top resistance come support level of 0.7565, formation on daily time-frame. Besides, the breakage below 0.7520 is likely to lead the market towards next target level of 0.7460 and above this level, market is likely to target 0.7560. The RSI value has shifted to at 45 from 54. Today, the AUDUSD can find a resistance at 0.7550 and 0.7595, further, the supports remains at 0.7525 and 0.7475.

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