AccentForex - Analytics

AccentForex

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Analysis of AUD / USD

AUD/USD

1. The price moves for the upstream channel from the level of 50 Fibonacci of the uptrend from 0.71500.
2. The level of 61.8 broken and the price is in the middle line, of the uptrend.
3. At the same time, the level of 61.8, gets support properties, and now we can expect a retest of the level of 0.74500
4. Scenario reaching the upper limit of the uptrend remains open. Perhaps re-achievement level of 0.76500.
5. If further movement is down, it is likely to be the breakdown of the uptrend. In this case, we can talk about what is going on according to the movement of the downward trend, which can be built on W1
6. Stochastic shows overbought, which could be a signal to sell.

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