AUDUSDpair price does not support levels between 0.7875 and 0.7935 resistance, the price needs to break through one of these levels to determine the next destination more accurately.
Thread: Aud/Usd
AUDUSD: consolidation after a reduction of the key interest rate in China
AUDUSD
May 11, 2015, 09:55
Buy on a level breakthrough of 0.7931 with 0.8031 target. Stop loss = 0.7870.
Reason for the trading strategy
In April, consumer inflation in China fell by 0.2% (m/m). In annual terms, prices rose by 1.5%, but were lower than the forecast of 1.6%. In order to support the business activity in the country, on May 10, the People's Bank of China cut its key interest rate by 25 b. p. to 5.1%. The news is positive for commodity assets. On a resistance level breakthrough of 0.7931, opening long positions in the Aussie is worth considering.
AUDUSD, H4
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autralia me rate kamm hua lekin ye pair up hua kyunki ye baat pehle he market me leak hogaya tha lekin abhi enka monitory policy me kahan gaya hai ye pair up he hoga kyunki esme easing aur wahan ka governor nahi kar raha hai..
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Still trading the Australian dollar against the US dollar relationship between the levels of support 0.7875 and resistance 0.7935, and as we pointed out in the morning, the price needs to break through one of these levels to determine the next destination, more precisely, as the break of this resistance will pay the price to achieve positive targets start at 0.8115, while breaking support will push the price to achieve more bearish correction that follows up his goal to 0.7755.
Thus, we continue to be neutral to get a more accurate indication of the direction of the next confirmation.
Expected trading range for today between 0.7755 support and 0.8000 resistance bands
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Up: the price remains above levels Vebo 38.2% and uptrend at 0.7875 and trading prices above them
It is an opportunity to buy the objectives of up to 0.7900 - 0.7925
Downs: Ttsr price levels Vebo 38.2% and uptrend at 0.7875 and closing prices down them
It is the opportunity to sell targets up to 0.7850 - 0.7825
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AUDUSD has made a clear breach of the level of 0.7935 after the Fibonacci retracement level form 50% of emerging from 0.7554 to 0.8073- ground strong support to the low final price, pushing the price of attempts to restore the bullish track again after a temporary downward correction mentioned.
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Australian dollar versus the US dollar ended yesterday's trading below 0.7935, to suspend trading between the mentioned level and support 0.7875, which represents 38.2% Fibonacci correction for the last rise, which shows the image, making us the preferred stop on the fence now in order to monitor the price behavior for the levels mentioned, pending penetrate one of them to determine the course of the next price more accurately.
We point out that the penetration resistance mentioned above will pay the price for gains start at 0.8115 and extends to 0.8310, while break under the price support will put more negative pressure level which targets 0.7755 initially, and may extend up to the bottom already registered at 0.7558.
Expected trading range for today between 0.7755 support and 0.8000 resistance range
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Technically: - on the daily Frame pair climbed yesterday to the resistance line at 0.8030 where he was able to target the second time.
But once you touch that resistance pair returned to drop toward the bottom, where I think that the goal of the current decline for the pair Or support target around 0.7902 if the pair succeeded prices to remain stable and to trading and closures of the daily candles Top this support will remain preparer then to return to rise again towards the new old resistance to almost 0.8030.
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Keep the Australian dollar against the US dollar on stability above 0.7935 so far, and continues stochastic approach the oversold areas, to keep the upward trend in place and effective for the day, supported by SMA 50, and we are waiting to visit the levels of 0.8115 and 0.8310 mainly.
Note the importance of stability above 0.7935 and 0.7875 levels to achieve the expected goals.
Expected trading range for today between 0.7875 support and 0.8100 resistance range
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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