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    Technical analysis for the AUDUSD on 21.07.2015

    The AUDUSD has held below tough support of 0.7325

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.7490

    Min. 0.7250

    audusd8

    The Australian dollar keeps falling against the USD. Volume divergence indicates weakening bearish potential.

    Technically, there haven’t been any signals for the reversal. Trading is carried out in the direction of the descending trend line of 0.7380 and below tough resistance of 0.7375.

    To keep the downtrend, bears have to break and hold below 0.7325 support. If they succeed, the breakout will open the way to 0.7320, 0.7300, 0.7250.

    Alternative scenario: the breaking of the descending trend line at 0.7380 will trigger correction up.

    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 has held below tough support of 0.7325

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.7490

    Min. 0.7250

    audusd8

    The Australian dollar keeps falling against the USD. Volume divergence indicates weakening bearish potential.

    Technically, there haven’t been any signals for the reversal. Trading is carried out in the direction of the descending trend line of 0.7380 and below tough resistance of 0.7375.

    To keep the downtrend, bears have to break and hold below 0.7325 support. If they succeed, the breakout will open the way to 0.7320, 0.7300, 0.7250.

    Alternative scenario: the breaking of the descending trend line at 0.7380 will trigger correction up.

    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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