Forex4you - Analytics

    Forex4you

    565.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the AUD/USD – 17.11.2015

    Bulls failed to break resistance at 0.7140/50 and the price bounced town to 0.7080/70 support, mentioned earlier as the key barrier on the way down. Trading is currently carried out at 0.7100/05. Indicators are not as unanimous as before, although they do suggest some change in the market moods in favor of bearish development. The situation is obviously unclear, therefore we expect further sideways consolidation within the range of 0.7140/50 – 0.7080/70. The breakout of 0.7070/80 support will be a sign of recommencing bearish trend and the upcoming decline to the targets at 0.6940/30, 0.6910/00. Growth above 0.7140/50, on the other hand, will indicate the extension of correction within the dominating bearish trend to resistance at 0.7220/00, maybe even higher, to 0.7250.

    AUD171115

    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!

    Bulls failed to break resistance at 0.7140/50 and the price bounced town to 0.7080/70 support, mentioned earlier as the key barrier on the way down. Trading is currently carried out at 0.7100/05. Indicators are not as unanimous as before, although they do suggest some change in the market moods in favor of bearish development. The situation is obviously unclear, therefore we expect further sideways consolidation within the range of 0.7140/50 – 0.7080/70. The breakout of 0.7070/80 support will be a sign of recommencing bearish trend and the upcoming decline to the targets at 0.6940/30, 0.6910/00. Growth above 0.7140/50, on the other hand, will indicate the extension of correction within the dominating bearish trend to resistance at 0.7220/00, maybe even higher, to 0.7250.

    AUD171115

    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 or Join us


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