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    Technical analysis for the AUDUSD on 08.06.2015

    The AUDUSD is consolidating at 0.7600 support

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.7720

    Min. 0.7500

    audusd2

    The Australian dollar has approached round support of 0.7600 for the second time. Trading volumes are increased, so there’s a good chance of a breakout.

    No significant news are expected to come in today, so low volatility may be observed with continuing consolidation above the 0.7600 support.

    Short-term rebound up from 0.7600 support is also probable. Potential growth target will be situated at 0.7715 resistance.

    Alternative scenario: if price breaks and holds below 0.7600 support, it will support continuation of the bearish trend.

    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 is consolidating at 0.7600 support

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.7720

    Min. 0.7500

    audusd2

    The Australian dollar has approached round support of 0.7600 for the second time. Trading volumes are increased, so there’s a good chance of a breakout.

    No significant news are expected to come in today, so low volatility may be observed with continuing consolidation above the 0.7600 support.

    Short-term rebound up from 0.7600 support is also probable. Potential growth target will be situated at 0.7715 resistance.

    Alternative scenario: if price breaks and holds below 0.7600 support, it will support continuation of the bearish trend.

    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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