{"id":108919,"date":"2017-07-12T21:58:35","date_gmt":"2017-07-13T01:58:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=108919"},"modified":"2017-07-12T21:58:35","modified_gmt":"2017-07-13T01:58:35","slug":"daily-market-report-audusd-reached-upside-target-july-13-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/daily-market-report-audusd-reached-upside-target-july-13-2017\/","title":{"rendered":"Daily Market Report \u2013 AUD\/USD reached upside target July 13, 2017"},"content":{"rendered":"
July 12, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

AUD\/USD \u2013 trading in the green<\/strong><\/p>\n

The currency pair increased significantly on Wednesday and reached an important static resistance, maintains a bullish perspective and could approach fresh new highs if the USDX will decrease again. Price was strongly bullish\u00a0 and resumed the last day\u2019s rebound, is approaching an important downtrend line, where could find a strong supply again.<\/p>\n

The greenback remains under pressure on the short term as the USDX dropped below the 96.00 psychological level again, the index is trading near the 95.80 level and tries to make a consolidation movement in the upcoming days.<\/p>\n

We may still have another leg higher on the USDX if the rate will make an accumulation move, could still happen as long as is trading above the 95.45 previous low.<\/p>\n

\"AUDUSD\"<\/a><\/p>\n

Price reached the 0.7675 static resistance, should reach the black downtrend line as well as long as is trading within the minor ascending pitchfork\u2019s body. Only a breakdown from this pitchfork will signal an exhaustion on the short term. Resistance can be found also at the 0.7755 static obstacle, but we\u2019ll see how the Aussie will react after the Australian and the Chinese data will be released.<\/p>

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The Chinese Trade Balance could decrease from 282B to 273B in June, while the USD-Denominated Trade Balance could jump from 40.8B to 42.9B. Most likely we\u2019ll have a high volatility in the United States trading session as the US is to release high impact data, the fundamental factors will take the lead and will move the price, so you should be careful not to suffer a heavy loss.<\/p>\n

NZD\/USD registered an amazing jump<\/strong><\/p>\n

Price increased sharply on Wednesday and recovered after the Tuesday\u2019s impressive drop, but reached a very strong resistance level that has paused the bullish momentum. Has increased, but remains under pressure on the short term, could still reach new lows before will resume the upside movement again. Personally, I believe that is too overbought to increase more at this moment, is trapped below a strong dynamic resistance (support turned into resistance).<\/p>\n

\"NZDUSD\"<\/a><\/p>\n

If you\u2019ll take a look at the daily chart you\u2019ll notice that has found support much above the warning line (wl2), right on the median line (ml) of the minor descending pitchfork. Right now is pressuring the downtrend line, which represents a strong dynamic obstacle, a further increase will be confirmed only after a valid breakout above the upper median line (uml) of the minor descending pitchfork and above the 0.7277\u00a0 level.<\/p>\n

GOLD still in range<\/strong><\/p>\n

Price increased and resumed the last days\u2019s minor bounce back, climbed as much as 1225.75 level, where has found strong resistance again. Could resume the minor throwback if the USDX will fail to climb again above the 96.00 psychological level.<\/p>\n

\"Gold\"<\/a><\/p>\n

Price remains trapped between the 23.6% and the 50% retracement levels, surged after the false breakdown from this extended sideways movement, but the sliding line (SL) represents a strong dynamic resistance. An increase towards the upper median line (uml) of the descending pitchfork if favored after the failure to reach the median line (ml).<\/p>\n

By Olimpiu Tuns<\/strong><\/p>\n

Market Analyst<\/strong><\/p>\n

Risk Disclaimer:<\/em><\/p>\n

Trading in general is very risky and is not suited for everyone. There is always a chance of losing some or all of your initial investment\/deposit, so do not invest money you can afford to lose. You are strongly advised to carry out your independent research before making any trading decisions.\u00a0 All the analysis, market reports posted on this site are only educational and do not constitute an investment advice or recommendation to open or close positions on international financial markets. The author is not responsible for any loss of profit or damage which may arise from transactions made based on any information on this web site.<\/em><\/p>\n

The post Daily Market Report \u2013 AUD\/USD reached upside target July 13, 2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com AUD\/USD \u2013 trading in the green The currency pair increased significantly on Wednesday and reached an important static resistance, maintains a bullish perspective and could approach fresh new highs if the USDX will decrease again. Price was strongly bullish\u00a0 and resumed the last day\u2019s rebound, is approaching an important downtrend line, where could […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108919","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108919"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108919\/revisions"}],"predecessor-version":[{"id":108922,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108919\/revisions\/108922"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}