26th February 2015 – Technical Outlook

AUD/USD

FROM HERE:stay long or buy on dips around 0.7850 to target 0.7960 as major level (50% Fib level)

BUT: aiming for 0.8000 is a hard stretch for now. Below 0.7822 will see it back to range trade 0.7700—0.7850

COMMENT: Most likely today’s trading session may end with another bull candle. Ie buy on open, sell on close.

26-02-15

USD/JPY

FROM HERE: sell on rally (if it rallies) around 119.41 to target 118.50 then 118.20

BUT: above 119.77 will trigger stops which may see 120.00

COMMENT: yesterday’s 46pip-range didn’t provide much opportunity. Let’s hope for 118.20—119.40 next 24hrs.

26-02-15J

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