Thread: Aud/Usd
The pair is worth catching southern retreat from resistance 0570, pair has formed a circle on a parabolic and the MASD with RSI showed a sell signal, the path to the south is free up to 0520, 0500 - the next strong support erovni-they will be the main goal.
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New highs today near the point 1.0570
recording against it,s U.S counterpart on the back of rising risk appetite in the market following the end of a meeting of the monetary policy committee
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sell aud/jpy at the level 1.0583 with targets at 1.0544 and 1.0523, but in case of breaking the level 1.0595, then buy at this level with targets at 1.0619 and 1.0640
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The pair move upside as we are expected in our previous analysis. Linear regression indicator also supports the upside move. The Stochastic also shows positive which all indicates that pair is ready to move upside more. According to my chart analysis, I prefer to buying the pair above 1.0530 with targets 1.0585, 1.0615 then 1.0650 and stoploss with four hour candle closing below 1.0455.
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long positions at 1.0535 with 1.0570 and 1.0590 as next targets
the breakout of 1.0500 will call for arebound towards 1.0470
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very strong last pair above 1.0505, and this makes an initial confirmation for a bullish reversal at this point but needed confirmation of the second pair to ensure the pair went bullish on the pair must penetrate the 1.0525 level as the level of confirmation of bullish continuation
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Aussi was broke the pivot level 1.0511, the pair is now targeting to touch 1.0497, and may continue down towards 1.0476. But if it moves bak above the pivot, the pair will potentially go up towards 1.0530 or higher.
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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.
AUD/USD continues forming an ascending structure to return to the level of 1.0535. This structure may be considered as a correction. After finishing the correction, the pair may start a new descending movement towards the target at 1.0470. Later, in my opinion, the pair may start moving upwards to break the level of 1.0600.
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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