Aud/Usd

[Ex.ness Support]

AUDUSD: growth after the publication of labor market data for Australia

AUDUSD
Giu. 11, 2015, 08:30
Buy on a level breakthrough of 0.7775 with 0.7860 target. Stop loss = 0.7725.

Reason for the trading strategy

In May, employment in Australia increased by 42 thousand with a forecast of +12.1 thousand, while the unemployment rate fell from 6.1% to 6.0%. The statistics, which was significantly better than expected, supported the Aussie. At a breakthrough of the 0.7775 level, opening long positions for the AUD/USD pair is worth considering.



AUDUSD, H4

[selametdwi1]

AUD/USD. Aussie is on bullish rebound phase after failed to break below 0.7600 clearly twice. Stay above 0.7730 area should trigger further bullish momentum to target 0.7815 area or even 0.7880 and 0.7945 region. Meanwhile, break below 0.7730 area should resume the bearish outlook to re-test 0.7600 area before testing 0.7530 region.

[Gamabunta]

Keep in mind that the stochastic make a positive signal may now pay the price for the attempts to penetrate the moving average 50, and in case make sure this breakthrough, the price will go to test the 0.7860 level before any new attempt to drop.

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market has completed a correction on the previous resistance at 0.7715 and has formed a bull candle. The final goal was in 0.7827
Recommendation: Buy

[Gamabunta]

It maintains the Australian dollar versus the dollar on stability below SMA 50, which is now resistance at 0.7700, as long as the price is below this level, the expectations for the downside will remain effective during the coming period, pending levels targeting 0.7560 then 0.7415 mainly.

[selametdwi1]

AUD/USD. The price is still difficult to break above 0.7730 area, indicating bias remains bearish in nearest term to target 0.7600 area before testing 0.7530 region. On the upside, only a break above immediate resistance at 0.7730 area could trigger further bullish rebound targeting 0.7815 region. Break above this area which could be a threat for current bearish outlook.

[Gamabunta]

Australian dollar pair appears against the dollar some downside bias slightly after average test mobile 50, supported by the negativity on Stochastic on the time frame of four hours, reinforcing expectations of direction bearish effectively to this day, which begins its main objectives at 0.7560 and extends to 0.7415, with the reminder provided stability below 0.7705 level to achieve the proposed goals.

[Gamabunta]

Stochastic provides a negative crossover now promote the proposed decrease, with a reminder that the breach of 0.7705 will lead to further price intraday positive test level targeting 0.7860 mainly.

[Gamabunta]

Australian dollar versus the dollar traded positively noticeable yesterday to test SMA 50 which is an important resistance at 0.7705, noting that the price maintains stability below this level, which keeps the opportunities list for the resumption of the downward trend is expected in the last of our reports, which targets start with the breach of 0.7560 to open the way towards 0.7415.

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: It is clear that the market has formed a bullish trend, but it is still predicted to around 0.7672. Then, to the highest point today is in the second resistance at 0.7740
Recommendation: Buy