LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

AUDUSD reversed from 0.6675 support area ; Likely to rise to 0.6750

 

AUDUSD yesterday reversed up from the support area lying between the key support level 0.6675 (which reversed the price 3 times in August) and the lower daily Bollinger Band. The upward reversal form this support area created the daily reversal pattern Hammer Doji. Given the oversold daily Stochastic and the moderate bullish Australian Dollar sentiment seen across the markets, AUDUSD is likely to remain under the bullish pressure today and extend the gains toward the next resistance level 0.6750 (former support from the end of September).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.