10.06.201513:22 Forex Analysis & Reviews: Technical analysis of AUD/USD for June 10, 2015

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Overview:

The AUD/USD pair closed at the level of 0.7674 yesterday. Also, the price has been above the ratio of 11.8% Fibonacci retracement levels in the H4 chart. The market has expanded further to a high of 0.7733 today. Consequently, it should be noted that the price has formed a strong support at the level of 0.7664 and the double bottom has been already placed at the 0.7597. Moreover, these strong levels are still between 38.2% of Fibonacci retracement levels and the double bottom in the same time frame. The market will start showing bullish signs again in order to indicate a bullish opportunity from the level of 0.7664 with a target towards the strong resistance around 0.7802. Additionally, it should be mentioned that the level of 0.7813 is going to form a double top. Bulls will be forced to pull back at this spot. As a result, it will be profitable to sell at 0.7813 with a target at 0.7725. It might resume to the level of 0.7666 in the short term.

Observations:

We expect a range between the levels of 0.7664 and 0.7813.
The key level is seen at 0.7720.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.