AUD/USD's fall from 1.1079 accelerated to as low as 1.0424 so far and at this point, intraday bias remains on the downside for 1.0390 key support level.
Thread: Aud/Usd
AUD/USD's fall from 1.1079 accelerated to as low as 1.0424 so far and at this point, intraday bias remains on the downside for 1.0390 key support level.
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zainm6050 (2019-05-10)
After a short-lived recovery the Aussie resumed the decline against the US Dollar and reached the weakest level in four months. The AUD/USD rose to 1.0525 but reversed and fell sharply, losing daily gains in a few hours.
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zainm6050 (2019-05-10)
the pair is trading under the level of 1.0500 and we can see that the pair is heading to test it , any way if the pair succeeded in breaking 1.0500 , it will continue to 1.0530 and then 1.0560
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zainm6050 (2019-05-10)
So far we are having rather muted moves in the Asian session, with investors trying to gauge what the next direction will be. A few hours ago, the Reserve Bank of Australia, on its monthly monetary policy statement cut its forecast for GDP this year and upgraded the outlook for inflation. Delays in coal production, a very fragile global economic recovery and low consumer spending pose extra challenges.
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zainm6050 (2019-05-10)
As we can see on H1 chart, the price is
moving inside the new major bearish channel
at the same time MACD aggressively crossing
over to the downside.
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zainm6050 (2019-05-10)
i think current decline is temporary, they will bounce back tomorrow(or at worst next week, personally i think AUD still on the well bid against the green back, will put my buy button at 1.0500Originally Posted by niteshforex
मैं सचिन तेंदुलकर की सबसे बड़ी प्रशंसक हूँ
Risk aversion is the theme of the day on Thursday, with US stocks sliding over 3% amid renewed concerns over a slowing economy. Higher-yielding currencies like the Aussie is under strong selling pressure, having set a fresh 5-week low in recent trade.
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.
zainm6050 (2019-05-10)
the pair as we can see on the chart has success in breaking the level of 1.0600 and reached the level of 1.0560 , that's mean the down trend is standing and the pair might head to 1.0530 then 1.0500
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zainm6050 (2019-05-10)
AUD/USD rose over 120 pips on Tuesday and touched a 12-week high at 1.0963 before settling right below that level. The Aussie is trading at the 1.0950 area, on track to set the 6th consecutive daily gain.
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zainm6050 (2019-05-10)
i think traders on this pair can go long positions above 1.068 with targets at 1.079 and 1.088 in extension.
and if the price move under 1.068 look for further downside with 1.065 and 1.059 as targets.
good trade
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.
zainm6050 (2019-05-10)
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