Alpari - Analytics

Alpari

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Daily analytical report (05/10/16)

 

  • AUDUSD below the neckline of H&S on weekly chart and above the neckline of H&S on hourly chart. Which way they will choose?
  • Oil advancing thanks to API data and is closer to the $51.5/bbl, an ultimate resistance.
  • EURUSD goes up as technical false breakout helps to boost the upswing.
  • NZDUSD is about to show us third same correction in a row.
  • AUDCAD is fighting to close the week above 1.008 which will be a strong bullish sign.


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