Hunting Bears
The U.S Treasury Yields continue to feed the market as it is at 4- year highs. On the other hand ,the recent hot gossip about the Iran sanctions and the May 12 deadline sent stocks plunging. Recent technicals suggest USD would be going up, as the yields may offset any other fundamental tensions.
AUDUSD is expected to go down as the Stochastic along with the MACD suggests a bearish breakout. The Hull was providing a strong support but a recent break-through indicates a bearish move.
Expect support at
S1 0.7566
S2 0.7508
S3 0.7436
Resistance at:
0.7574 0.7575 0.7575
Happy Trading.
AUDUSD is expected to go down as the Stochastic along with the MACD suggests a bearish breakout. The Hull was providing a strong support but a recent break-through indicates a bearish move. Expect support at
S1 0.7566
S2 0.7508
S3 0.7436
Resistance at:
0.7574 0.7575 0.7575
Happy Trading.
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