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AUDUSD pair had a bearish trend yesterday touching a low of 0.7588 but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 0.7635 in the Asian trading session. The near term bias remains Bullish with targets of 0.7750
AUD/USD. The bias is bullish in the nearest term, a consistent break and movement above 0.7820 area is needed to trigger further bullish momentum to test 0.7870 area. On the downside, immediate support is seen around 0.7700 area. A clear break below that area would bring the price down testing 0.7660 area.
pair- aud/usd
time frame analysis- m15
http://i57.tinypic.com/168ztqs.jpg
the price is now down trend side as making lower to low. the rsi indicator is also lower to low side. this is having support at 0.7755 level that may hold. if it is move below the 0.7745 level then short with take profit at 0.7700 and stop loss at 0.7800
good luck.
Pushed the Australian dollar against the US dollar, up strongly yesterday to exceed 50 SMA and settle it, thereby preventing intraday trading to the upside, targeting price to retest 0.7760 - 0.7780 areas initially.
The rising tendency would be likely in the coming sessions unless the breach of 0.7735 and stabilizing below it, as this will put the price break under negative pressure from the new, and that the main targets start at 0.7560.
Expected trading range for today between 0.7700 support and 0.7900 resistance range
AUD/USD. The bias is bullish in the nearest term, a consistent break and movement above 0.7820 area is needed to trigger further bullish momentum to test 0.7870 area. On the downside, immediate support is seen around 0.7725 area. A clear break below that area would bring the price down testing 0.7670 area.
AUDUSD: under pressure against the background of weak economic statistics for Australi
AUDUSD
June 4, 2015, 09:49
Sell on a level breakthrough of 0.7707 with 0.7598 target. Stop loss = 0.7760.
Reason for the trading strategy
In April, the volume of retail sales in Australia did not change on a monthly basis with an expected growth of 0.4% (m/m). In the same month, Australia's trade balance fell from -1.23 billion to -3.89 billion Australian dollars. The decline of the first indicator signals a weakness in consumer spending, the decline of the second indicator signals a lack of competitiveness of Australian products in the international markets.
AUDUSD, H4
https://www.exness.com/media/media/2015/06/04/3.png
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: There was a pattern converging on the stochastic. If the views of Fibonacci, the market will continue to Fibonacci 261.8 at 0.7882
Recommendation: Buy
pair- aud/usd
time frame analysis- m15
http://i58.tinypic.com/16gmptk.jpg
the price is continue in the down trend channel pattern with having resistance at 0.7755 level and support 0.7715 level. the parabolic sar in down trend side so it will falling down with breaking support. hold the short entry with stop loss at 0.7780
good luck.
Opens the Australian dollar against the US dollar trading today strong passively influenced by the negative trade balance data released early, to put pressure on the price of 50 moving average and is trading now without him, which makes us stop the proposed positive outlook yesterday after approaching the goals expected around 0.7860.
Spoiler: