we have a resistance level on the daily chart @23.6% so i predict that this pair will move downward on the short term and i suggest selling this pair our target point will be @38.2%.
Thread: Aud/Usd
we have a resistance level on the daily chart @23.6% so i predict that this pair will move downward on the short term and i suggest selling this pair our target point will be @38.2%.
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Traders AUD undertake profit taking this week, was out of extreme positioning. adl alarming external factors against holding AUD interest to do less.
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AUD / USD pair returned yesterday for the rise of a strong and close above the 38 fib Today he continues the upward trend and strong and is now trading above the existing 23 fib levels at 1.0369 wait close candle week to determine the direction of the pair next week
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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.
AUD / USD on the daily frame pair yesterday was able to close under existing 38 fib levels at 1.0216 for the pair continues today in the landing but but the pair began to face resistance from the line Span cloud Como Span B we close today out of line to expect further decline
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The main battle is centered around AUD / USD. Couple tried to stay on 1.0200, despite the weak performance. She said at least 1.0190/95 after the publication of GDP, but again quickly rose above 1.0200 and is now consolidating around 1.0210 mark. A couple holding a narrow range 1.0230/1.0190, but the players are already looking for an opportunity to sell. The next line of support is at 1.0170/75, resistance - at 1.0250/60.
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Couple on the hourly chart has formed a converging triangle Stochastic indicates a buy signal and a small divergence, the rate can go for a 0224 release on the support, but if I break through selling.
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AUD / USD daily view of the frame, we find that the pair faces strong support levels at 38 fib, which reside at 1.0214 if the pair can not day closure underneath there is a high probability that the pair will return to areas 23 fib again
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As shown in H4 chart , it is clear that the price couldn't break the support level @1.0220 , so i expect we will have some bullish direction again in the next few hours and it will be a great chance to start selling near the shown bearish trend ,
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The pairs support is 1.01873, resistance 1.03847.
Resistance: 1.03847, 1.05810, 1.07806
Support: 1.01873, 1.00031, 0.97889
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