FX:AUDUSD   Dolar Australia/Dolar U.S
47 0 3
Current trend

The US Dollar             continues strengthening against all major rivals amid expectations of market participants of an interest rate hike by the Fed in the nearest future. Today, after the publication of positive data on the Producer Price Index in Australia, the pair rose but did not manage to consolidate above a strong resistance at 0.7600 and resumed its fall.

Today extra attention needs to be paid to data on the US GDP for the third quarter of the year. According to the forecasts of economists, on a year-to-year basis the index will show a 2.5% growth. At the same time, weak data might significantly pressure the US Dollar             .

Support and resistance

On the 4-hour chart, the instrument is trading at the lower line of Bollinger Bands while bands are directed horizontally and the price range is widening. MACD histogram is in the negative zone and its volumes are growing. Stochastic is about to leave the oversold zone.
The indicators recommend short positions.

Support levels: 0.7137, 0.7565, 0.7556, 0.7544, 0.7534.
Resistance levels: 0.7597, 0.7607, 0.7622, 0.7643, 0.7652, 0.7668, 0.7679.

Trading tips

Short positions can be opened from the level of 0.7560 with the target at 0.7530 and stop-loss at 0.7576. Validity – 1-2 days.
Long positions can be opened from the level of 0.7575 with target at 0.7610, 0.7630 and stop-loss at 0.7555. Validity – 1-2 days.
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
You can choose any language on our site
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar