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USD/CNH technical analysis: Buyers lurk around 10-day long support-line

29 days ago   |   By FXCM

Oversold RSI and immediate trend-line support can trigger the pair's pullback.
Adjacent resistance-line can restrict upside momentum.
Extending its gradual downturn since middle of last week, USD/CNH trades near 6.91 at the initial Monday.
Near to the quote is 10-day long descending support-line, at 6.9085, that has been questioning sellers together with oversold levels of the 14-bar relative strength index .
If bears refrain from respecting immediate trend-line support, 38.2% Fibonacci retracement of recent upside at 6.8966 and 50% Fibonacci retracement near 6.8794 can appear on their...
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AUD/JPY technical analysis: Break of nearby trend-line can validate upside to 76.35/40

29 days ago   |   By FXCM

Break of month-long trend-line portrays pair's strength but another resistance-line question the upside momentum.
Pair's repeated failures to slip beneath 75.30 also favor buyers.
In spite of breaking four-week-old trend-line resistance, the AUD/JPY pair needs to justify the strength of upside momentum by clearing a week-long resistance-line. The quote presently trades near 75.80 during early Monday.
Should prices clear 75.95 immediate trend-line barrier, 76.35/40 area comprising multiple technical levels since early-May could be on the buyers' radar.
Additionally, pair's sustained rise...
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