Desktop, tablet & mobile - Forex trading platform

Australian Financial Services (AFS) Licence 246566

easyMarkets Daily Outlook

Daily Outlook
Currency Trading Summary 27-Sep-2016

Written by Anthony Darvall

The first Presidential Debate has taken most of the headlines today and consequently wounded global stock markets in particular the S&P, Dax, and FTSE. Impact is a pull back for the Aussie across multiple markets, and an opening 0.5% down vs JPY as Asian investors look to assess risk across Asia. The main target 75.94 as a support that’s held since September 12th on four previous occasions. A positive Clinton performance would end negative bias with a close above 77.03.

 

USD/CAD is approaching some interesting levels ahead of the Bank of Canada governor Stephen Poloz speech today. The change in market tone comes after weak retail sales and CPI. Resistance at 1.3230 has held on three occasions whilst shorts on range will look to target support at 1.21325.

 

USD/JPY is currently on the backfoot as it looks to test 100.00. Last Thursday we saw a spike low of 100.10 and a break of 100 would target 99.55 in search of post brexit lows of 99.00. This is in the lead up to Fed Vice Chair Fischer speaking on Tuesday and Chair Janet Yellen addressing Congress on Wednesday in which we expect them to emphasize their hawkish position of a rate hike before the end of the year.

 

AUD/USD9/27/2016 3:09 AM 
Trend daily chart (=) Trend weekly chart (=)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7600

Our preference: long positions above 0.7600 with targets @ 0.7650 & 0.7675 in extension.

Alternative scenario: below 0.7600 look for further downside with 0.7565 & 0.7535 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
0.7710 ***
0.7675 ***
0.7650 ***
0.7644 Last
0.7600 ***
0.7565 ***
0.7535 ***

Ticker : AUD Add to my portfolio
Full Outlook

Forex Trading Platform Desktop, Tablet & Mobile

Through its real-time Forex trading platform, easyMarkets Australia offers complete suite of tool for Web, Desktop, Mobile and MT4 trading with 24 hours a day support and Dealing room service. In addition, easyMarkets provides One on One Forex training, The Forex School – Video on Demand forex trading lessons, and Forex seminars.

Why trade with easyMarkets?

  • Guaranteed Stop-Loss Rate
  • Competitive spreads
  • No commissions
  • Online Forex trading with Live, real time quotes.
  • No software downloads
  • Start trading within minutes.
  • Freeze and Trade©
platforms@2x
Daily Archive

DAILY ARCHIVE

FOREX MARKET

A summary of the previous day’s foreign exchange market movements

READ MORE >
Weekly Archive

WEEKLY ARCHIVE

CURRENCY MARKET

An in-depth market summary of the previous week’s foreign exchange trading movements

READ MORE >
Currencies Archive

CURRENCIES ARCHIVE

Weekly summary of currencies trading movements

READ MORE >

Our Awards

Try easyMarkets today

Get a free online demonstration of our leading online Forex trading platform.

Thank you for contacting us.

We have received your enquiry.

Risk Warning: easyMarkets Pty Ltd (AFSL 246566, ABN 73 107 184510) makes no recommendations as to the merits of any financial product referred to in this advertisement, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products. easyMarkets Pty Ltd recommends that you read the PDS, the Terms & Conditions and the FSG before making any decision concerning easyMarkets Pty Ltd financial products. Forex and CFD trading involves substantial risk of loss. Do not invest money you cannot afford to lose.

Follow us: