Australian Dollar decline from 1.0755 high last week found support yesterday at 1.0200, and the pair bounced higher, as equity markets turned positive, to find resistance at 1.0440/45 and ease below 1.0400 during Asian session.
Thread: Aud/Usd
Australian Dollar decline from 1.0755 high last week found support yesterday at 1.0200, and the pair bounced higher, as equity markets turned positive, to find resistance at 1.0440/45 and ease below 1.0400 during Asian session.
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The current trend upward trend and target 1.0430 and then 1.0500 stop loss 1.0260 if the price went to the lowest point 1.0260 breakers, the trend turn to the downside and target 1.0200 and then 1.0110
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Retail sales in September came at 0.4% from the previous of 0.6%, in addition to the building approvals for September which dropped sharply by 13.6% from the prior rise of 10.7%.
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The current trend upward trend and targets 1.0430 and then 1.0500 stop loss 1.0260 if the price went to the lowest point 1.0260 breakers, the trend turn to the downside and targets 1.0200 and then 1.0100
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It should be noted however, there is a set up in the GBP/USD that looks very much the same, but with a clearer path to the downside. We won’t buy until the daily chart closes well above the 1.05 level.
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Although it got very close, the market has successfully stalled out ahead of the previous September high to keep our core bearish outlook intact
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the pair now is at the price 1.0329 and in trend up un the candle closed under 1.0352 this price is for line moving avrage 15 now it's go to testing this price if she close above he go up but i think that it' go down .
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AUDUSD intraday;under pressure, the RSI is bearish and calls for further decline.
So the pair may continue its down movement to targeting the level of 1.05 and 1.042 .
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If a M15 close above 1.0400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0150 sell only and do not buy. If price closes back above it again do nothing
The range 1.0400 and 1.0150 is neutral area, any trade done in between is personal decision and not part of this analysis
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the pair now is at the price 1.0329 and in trend up un the candle closed under 1.0352 this price is for line moving avrage 15 now it's go to testing this price if she close above he go up but i think that it' go down .
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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