Long position is preferable at 0.988 with price targets at 1.0035 and 1.008. If it goes to below 0.988 then we can expect downward movements with 0.9825 and 0.9755 as price targets.
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Long position is preferable at 0.988 with price targets at 1.0035 and 1.008. If it goes to below 0.988 then we can expect downward movements with 0.9825 and 0.9755 as price targets.
I would like to analyze in H1 chart of the pair. As you can see, the price is in uptrend because it is above the Ichimoku Kumo Cloud and EMA 200. So, I think the price will decrease slightly to the Kumo Cloud and then it will increase strongly.
http://s18.postimage.org/41ibtm8h5/image.jpg
AUD / USD on the opening price gap with the beginning of the week in the range of 70 points and a pair now going to close this gap at the Fibonacci levels of 38
http://hh7.an3m1.com/Sep/an3m1.com_7cba825f1b1.png
AUDUSD might be experiencing a correction up to the 0.9928 level which is also a monthly Fibo 38.2. From that level, AUDUSD will likely go down again.
Short position is preferable in 0.994 with price targets 0.9815 and 0.976. If it goes to above 0.994 then we can expect upside movement with 1.00 and 1.0035 as price targets.
Let's have a look at the long term view of the pair. In H4 chart, the price is above the Ichimoku Kumo Cloud. So, it is in uptrend. Therefore, I think the price will decrease slightly to the Kumo Cloud and then it will increase strongly.
http://s16.postimage.org/4qk2ldcl1/image.jpg
AUD / USD pair after a blocked GEO (which opened after the weekend) is sent back to the north (a little he came to the support of 9825) it was picked up buyers, this hour can be expected closer to the level 9995-1.0000 and it can be to try to sell and at the break to turn the position.
AUD / USD is back and close the price gap opened by the beginning of the first day of trading with them and break the Fibonacci level 38 and is now back again to be tested as long as he is under 38 Fibonacci is a vector for the drop
http://hh7.an3m1.com/Sep/an3m1.com_5a7120bc511.png
The MACD histogram is still located in the positive zone, but slightly below its signal line, continues to decline slowly, and thus sends a signal to sell AUD / USD.
Stochastic Oscillator is in the neutral zone and creates an opposite signal, since the% K line rises above the% D.
. Now signaling are contradictory so I still sit on the fence ..
The RSI is lacks downward momentum. Long position is preferable at 0.988 with price targets on 1.00 and 1.0035. If the price goes to below 0.988 then we can expect further downward movement of 0.985 and 0.9815 as price targets.