Expected trading range for today is between: Support 1.0355 and resistance 1.0600
General tendency is expected for the day: UP
Thread: Aud/Usd
Expected trading range for today is between: Support 1.0355 and resistance 1.0600
General tendency is expected for the day: UP
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The pair continues to trade within a bullish channel rising markedly that the pair went to the upper boundary of the punched just before converging triangle (support level 0400 figure), I think that it will resume from the northern growth.
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The trading range for today is expected among the key support at 1.0300 and resistance at 1.0560.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
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AUDUSD think will go down , see in time frame H4 shooting star there , now its time for AUSSIe to go down ,at least i am target 1.03 , will continue down , if up only for correction , just my opinion.
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Note the area of support at 1.0401 - 1.0374 if the correction continues into the area to seek confirmation signal / bullish pattern to take long positions.
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The nearest strong level of support from which to think about shopping - it's 0370 + - (slant medium trend line), now the pair work out a signal to the south stochastics and rebound from resistance 0470 to 0370 I think steam still coming off.
Intraday bias in AUD/USD remains on the upside for the moment and further rally would be seen. However, the rise from 1.0148 is so far still corrective looking. Hence, we'd be cautious on reversal signal as it approaches 1.0624 resistance. On the downside, break of 1.0330 minor support will turn bias back to the downside for 1.0235 and below.
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With the overall growth of the dollar could not resist a pair of aud / usd, she began to work out a divergence MASD couple also overcame significant level of 0440, now began again to 0400 support level, waiting for my call to sell.
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After the RBA surprised economists by leaving its key interest rate unchanged at 3.25% the Australian dollar rose to a five-week high against the U.S. dollar. The Reserve Bank of Australia at its monthly meeting refrained from cutting interest rates and signaled on improvement perspectives of the national economy, noting that the current monetary policy is roughly equivalent to the situation in the Australian economy.
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Continue AUD / USD uptrend and was able to build a strong base of support above the level of 1.0400, which enhances the upward trend likely scenario where wait emerging targets start at 1.0550
MA 50 supports the bullish wave from the bottom, while it may cause some stochastic volatility lateral tilt downward to retest 1.0400
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