AUD/USD More Declines Eyed!
The AUD/USD pair resumed its drop as expected after failing to reach and retets the downtrend line in the pevious attempts. Also, I've told you that the currency pair could extend its downside movement after dropping below 0.7254 and 0.7230 former lows.
0.7174 level stands as a major downside target, as a historical obstacle. You can see that AUD/USD has increased after reaching this level. As long as it stays below the downtrend line, the price could approach and reach new lows.
AUD/USD Trading Conclusion!
Staying below the downtrend line and dropping below 0.7174 level could announce further drop towards new lows. On the other hand, staying above this downside obstacle and jumping above the downtrend line may signal a potential upside reversal.
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
The EUR/USD currency pair traded very sluggishly for most of the day on Wednesday. This is not particularly surprising, as there were n...
Gold is trading around $4,117 with a strong upward movement after finding good support around 6/8 Murray located at $4,062. Gold reboun...
Analysis of Transactions and Trading Tips for the Japanese Yen The price test at 154.66 coincided with the MACD indicator just beginning to...
On Tuesday, the EUR/USD pair formed a clear rebound from the 76.4% corrective level at 1.1517, reversed in favor of the euro, and rose towa...
Last week, the EUR/USD pair ended with a slight 0.10% decline but posted a weekly gain of 0.51%, amid reduced risk appetite amid specul...
EUR/USD Analysis – April 10th Download MetaTrader Expert Advisors / Indicators The wave pattern on the 4-hour chart for the EUR/USD pair ha...
Yesterday, stock indices closed lower. The S&P 500 fell by 1.56%, while the Nasdaq 100 plummeted by 2.15%. The Dow Jones Industrial Aver...
Download NOW!
No comments:
Post a Comment