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Technical analysis for the AUDUSD on 26.06.2015

The AUDUSD keeps consolidating above the trend line of 0.7695

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 0.7845

Min. 0.7600

audusd14

The AUD has been consolidating between 0.7745 resistance and the ascending trend line 0.7695 – 0.7700.

The ascending trend line of this instrument is acting as the key resistance. As long as the trend line remains safe, bullish potential preserves.

After a short-term test of the trend line at 0.7695, the price will most likely rebound up. The main growth targets will be situated at: 0.7745, 0.7810.

Alternative scenario: the breaking of the trend line at 0.7795 will trigger the reversal of the uptrend. Potential decline targets in this case will be found at 0.7645, 0.7600.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The AUDUSD keeps consolidating above the trend line of 0.7695

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 0.7845

Min. 0.7600

audusd14

The AUD has been consolidating between 0.7745 resistance and the ascending trend line 0.7695 – 0.7700.

The ascending trend line of this instrument is acting as the key resistance. As long as the trend line remains safe, bullish potential preserves.

After a short-term test of the trend line at 0.7695, the price will most likely rebound up. The main growth targets will be situated at: 0.7745, 0.7810.

Alternative scenario: the breaking of the trend line at 0.7795 will trigger the reversal of the uptrend. Potential decline targets in this case will be found at 0.7645, 0.7600.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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