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AUD Strives to Surge Supported by Australian Job Data, June 11th,2015

technical analysis on forex June 11th,2015

by Cherry Wong

During the session today, without significant data released in the afternoon, data released in today’s evening are much more important. Investors should operate with caution since the market in the evening is highly volatile. Australia has seen better-than-expected job data released at 9:30 this morning, backing up the bullish momentum of AUS which is predicted to considerably influence the big board.

AUD/USD

Technically speaking, the candlestick chart of AUD/USD pair has rallied in today. Resistance is found at 0.7800 and support at 0.7637-0.7610. We are buyers of a call option with the entry position at the next pullback.

EUR/USD

The EUR/USD pair have bounced around over the short term period without sustaining supporting motivation. Watching carefully the range at the hour level can help you determine the future direction. We found a supportive level at 1.1228 and resistive level at 1.1347.


GBP/USD
We are considering buying call option, as the GBP/USD pair has hit its new high since June 4th. Valid support is found at 1.3439, and we would begin to buy call option in medium to long term period.


USD/JPY
With influence of yesterday’s data, the USD/JPY pair has pulled back with downward trend in 4-hour level. We believe that puts should be purchased on signs of pips. Resistance is found at 123.882.

[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us.

 

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