InstaForex - Analytics

    InstaForex

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    AUD/USD trading recommendations for 13th June 2016

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    AUD/USD reached our profit target previously. Now we're bullish expecting a bounce up first before a further drop to 0.7325 (50% retracement and close to 62% retracement) along with key graphical support level. The RSI has broken the ascending support-turned-resistance line strongly, too, signalling further decline.

    Trading recommendations:

    Sell now and once more at 0.7410

    Take profit at 0.7325

    Stop loss at 0.7470


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