Aud/Usd

[gururaj]

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.

[fravash]

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.

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 1.0500

[niteshforex]

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.

[gururaj]

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

[niteshforex]

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.

[gururaj]

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

[niteshforex]

Last week, I said it was good to go long on this pair. I had a long trade here. Why? It was because the price action confirmed it: there was no other reason. However, it may be too late to go long right now.

[gururaj]

the pair as we can see on the chart has success in breaking the level of 1.0700 , that's mean the down trend is standing and the pair might head to 1.0670 then 1.0640

[niteshforex]

traders on this pair should go for short positions below 1.0775 levels with targets at 1.065 and 1.0605 in extension.

but if the pair go over 1.0775 look for further upside with 1.0815 & 1.088 as targets.

[gururaj]

Aussie inclined sharply last week against its major counterpart the U.S. dollar and other majors after the Australian economy reported that the consumer price index rose more than expectations in the second quarter of this year, increasing the pressure on the RBA to increase the borrowing costs during this meeting.