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  • Australia trade surplus shot higher in September, courtesy of a big jump iron ore and mineral-fuel exports, the Australian Bureau of Statistics (ABS) data released a few minutes ago showed.
  • The upbeat data put a bid under the Aussie dollar, pushing it higher across the board. The AUD/USD is currently trading at 80.18, up 0.36 percent on the day, and could rise further toward the 50-day EMA of 80.48 as the technical charts are biased bullish.
  • The daily chart shows a bullish divergence of the RSI and stochastic and a bullish crossover on the MACD. Further, the 5-day and 10-day EMAs are trending north, indicating a bullish setup.
  • The news that UK’s PM Theresa May has sealed a Brexit deal with the EU on financial services may push risk assets higher across the board. Thus, anti-risk JPY could take a beating.

Daily Chart

Trend: Bullish


       Last Price:  80.14
       Daily change:  26  pips
       Daily change:  0.325%
       Daily Open:  79.88
       Daily SMA20:  79.86
       Daily SMA50:  80.49
       Daily SMA100:  81.23
       Daily SMA200:  82.3
       Daily High:  80.43
       Daily Low:  79.86
       Weekly High:  80.32
       Weekly Low:  78.56
       Monthly High:  82.5
       Monthly Low:  78.56
       Daily Fibonacci 38.2%:  80.07
       Daily Fibonacci 61.8%:  80.21
       Daily Pivot Point S1:  79.68
       Daily Pivot Point S2:  79.48
       Daily Pivot Point S3:  79.11
       Daily Pivot Point R1:  80.26
       Daily Pivot Point R2:  80.63
       Daily Pivot Point R3:  80.83