Forex4you - Analytics

Forex4you

514.75 7.25/10
57% of positive reviews
Real

Technical analysis for the AUD/USD – 03.11.2015

The main fundamental news todays – the RBA decision to keep its interest rate without changes – has pushed the price up. However, it was held back by resistance at the descending trend line (blue lines, level 0.7115/20) and is now pulling back down. Trading is carried out around 0.7180/70s. Indicators have turned up, which may be a signal for the change of market mood towards more bullish. Therefore, the price may attempt to break resistance at 0.7215/20 and continue growth. Ascension above 0.7250 will be a sign of the reversal of the trend. However, as long as the inclined range’s  trend line remains intact, dominating bearish trend preserves. If current decline reaches support at 0.7170, bearish potential will confirm and we’ll be expecting the price to test strong support at 0.7080/70. Its breakout will most likely open the way to the first target at 0.6940/05, and then to the low at 0.6840/30.

AUD031115

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

The main fundamental news todays – the RBA decision to keep its interest rate without changes – has pushed the price up. However, it was held back by resistance at the descending trend line (blue lines, level 0.7115/20) and is now pulling back down. Trading is carried out around 0.7180/70s. Indicators have turned up, which may be a signal for the change of market mood towards more bullish. Therefore, the price may attempt to break resistance at 0.7215/20 and continue growth. Ascension above 0.7250 will be a sign of the reversal of the trend. However, as long as the inclined range’s  trend line remains intact, dominating bearish trend preserves. If current decline reaches support at 0.7170, bearish potential will confirm and we’ll be expecting the price to test strong support at 0.7080/70. Its breakout will most likely open the way to the first target at 0.6940/05, and then to the low at 0.6840/30.

AUD031115

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



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree