Thread: Aud/Usd
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Rising AUD/USD higher level 1.0250/55 area
Australian dollar walked in the footsteps of he est of other currency higher yielding and commodity currency
which have been declining now ,following the report of the meeting of the committee of the federal reserve
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buy aud/usd at the level 1.0302 with targets at 1.0355 and 1.0390, but in case of breaking the level 1.0280, then sell below this level with targets at 1.0245 and 1.0210
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AUDUSD has touched the resistance level at 1.0306 and now this pair is moving around that resistance level. But, if AUDUSD can break that resistance level successfully, I think it will open a way for AUDUSD to continue going up and reach the next resistance level at 1.0354.
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In H1 graph, the downtrend rally still looking good for making more corrections which is expected to touch 1.0263 again. By the way, if price turns back and break the upper barrier @1.0326 then the uptrend is back at that time.
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AUD / USD extends rise Above 1.0320
AUD / USD extended gains after the government less dovish RBA commented earlier in the session, printing new highs at 1.0322, now at 1.0315 away from highs last year. Aussie also gained against the euro, the lowest score in the new 1-month EUR / USD at 1.2791. AUD / USD back to positive for the week so far, up slightly +0.16%, while Australian ASX index higher by close to +1% for today.
Gold recovers above the $ 1580 also helped the Aussie movement up, market sources reported sales driven to stop a lot of triggers, the market caught selling ahead of the weekend, as the RBA Stevens commented to parliament does not sound anything but dovish. USD reached a new 4-month high above 81.5 from USD Index, at 50% Fibo of correcting lower legs weekly, for a commercial traders have to sell clean again according to the latest COT, it also serves as a support Aussie.
Resistance near the upper hand for the AUD / USD looks at the latest session of the highest / lowest February 14th at 1.0322 / 5, followed by the highest at 1.0340 February 7th and February 9th highest at 1.0350. For the down side, the nearest support is lowest in February 18 at 1.0275 followed by the top NY session at 1.0264, and a recent four-month lows at 1.0220.
Support: 1.0310, 1.0306, 1.0298
Resistance: 1.0334, 1.0330, 1.0322
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AUD/USD intraday: further upside.
Pivot: 1.0265
Our preference: Long positions above 1.0265 with targets @ 1.033 & 1.0365 in extension.
Alternative scenario: Below 1.0265 look for further downside with 1.023 & 1.02 as targets.
Comment: the pair has rebounded on its new support and should post further advance as the RSI remains well directed.
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the price has been reached to the todays resistance at 1.0310 and it will be move more up. the price will try to come in the rage of resistance at 1.0360. for the short entry we must wait for this. till we can hold our long position.
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.
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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