Aud/Usd

[selametdwi1]

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

[patchika]

i already placed a buy order but we will see some drop in price and then it will break the resistance as mentioned above and then target is all time high 1.10 level

[Gamabunta]

The Australian dollar is back to test the monthly lows against the dollar after failing to settle above the level of 0.78. It settles near-term support at 0.7602, which is 38.2%, as the fracture without it on the basis of the daily closing level paves the way for the 50% Fibonacci extension at 0.7535. Instead, the move back above the 23.6% Fibonacci at 0.7685, paving the way to test the 14.6% expansion at 0.7735.

[chahredine]

when the end of the market yesterday, we can see in the H4 time frame chart, the last candlestick has form a long doji pattern. and from the daily chart we can see the price has been very close with the strongest resistance (moving average period 50).
doji pattern means that most of the big investor has been pull out from buying and change into selling.

[Gamabunta]

Australian dollar versus the dollar slight upward tendency since the morning shows positively influenced by Stochastic, while the overall trend is still bearish exists to this day as long as the price is below the level of 0.7715, waiting for a break of 0.7560 to confirm the extension of the bearish wave towards 0.7415 areas.

[Gamabunta]

Stability below 0.7715 level represents the first condition for the continuation of the proposed decline, as the breach will pay the price to re-test the 0.7860 level before any new attempt to resume the bearish trend.

[Gamabunta]

Australian dollar versus the dollar resumed trading negative to begin test barrier 0.7600, where approaching price of our main first expected at 0.7560, indicating that the breach of this level would extend losses pair to reach 0.7415 areas.

[Ex.ness Support]

AUDUSD: consolidation after the publication of China's trade balance

AUDUSD
June 8, 2015, 08:34
Sell on a level breakthrough of 0.7598 with 0.7551 target. Stop loss = 0.7645.

Reason for the trading strategy

In May, China's trade balance increased from 34.13 billion to 59.49 billion dollars. In dollar terms, exports from China decreased by 2.5% (y/y) in May, with a forecast of +5.0% (y/y), imports decreased by 17.6% (y/y), with a forecast of -11% (y/y). The reduced turnover of China's foreign trade is jeopardizing the Chinese authorities' plans in guaranteeing a 7% GDP growth this year. The statistics is likely to put pressure on the commodity currencies.


AUDUSD, H4

[selametdwi1]

AUD/USD. The bias is bearish in the nearest term testing 0.7590 area. A clear break below that area is needed to trigger further bearish momentum targeting 0.7540. On the upside, a consistent break and movement above 0.7635 area would bring the bias back into neutral as the direction become unclear, potentially testing 0.7680 area.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: In the last Friday, the market broke through the Fibonacci 161.8, and then will go to the Fibonacci 261.8 which also intersect with a third support at 0.7515
Recommendation: Sell