FX:AUDUSD   Dolar Australia/Dolar U.S
Dilihat 36 kali
36 1
Current trend

Since the beginning of the week, the pair is growing amid positive commentaries by RBA Governor Glenn Stevens. According to the head of the regulator, the Australian economy is likely to be on the rise at present. Furthermore, inflation in the country remains near its targets thus allowing for additional stimulation measures should they be required.

The pair was also supported by strong GDP data for the fourth quarter of 2015 from Australia. The index showed a 3.0% growth, which was significantly better than expectations.

Support and resistance

Bollinger Bands on the daily chart is moving up while the price range remains unchanged. MACD resumed its growth and formed a buy signal. Stochastic is growing as it bounced off the oversold zone.

The indicators recommend long positions.
Support levels: 0.7200 (local low), 0.7186, 0.7158, 0.7128, 0.7100, 0.7068 (19 February low), 0.7045, 0.7000, 0.6973 (9 February low).
Resistance levels: 0.7242 (local high), 0.7258 (23 February high), 0.7282, 0.7300, 0.7327 (31 December high).

Trading tips

Long positions can be opened after the breakout and consolidation above the level of 0.7258 with targets at 0.7300, 0.7350, 0.7400 and stop-loss at 0.7220. Validity – 2-4 days.
Short positions can be opened after the price rebound from the level of 0.7258 with targets at 0.7150, 0.7100 and stop-loss at 0.7300. Validity – 2-4 days.
Register on LiteForex site and get more analysis https://www.liteforex.com/?uid=880952068&cid=12118
I'm with you. But looking on 4h chart, price formed triple top and potential butterfly pattern. At least one can say, price has a hard time breaking resistance to the upside :-)
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Harga Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Solusi pencartaan Dapatkan Bantuan Permintaan Ciri Blog & Berita Soalan Lazim Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Dapatkan Bantuan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar