country flagالعربية

AUD / USD Daily Technical Analysis | 18 July 2017

2017-07-18 09:35 am | Resource: Technical Analysis Section | No Views : 159

After AUD/USD ended yesterday's bearish session, the pair moved aggressively today during the Asian session as a result of the Bank of Australia's monetary policy data. The Australian also supports China's positive manufacturing data yesterday.
AUD/USD is trading in a bullish direction that is currently lacking in strength, based on the analysis of the ADX indicator shown in the previous chart on the hourly frame.
The positive thing is that the ADXL maintains the positive cross between the D + and the D - I colored green and the second red, and the RSI has broken the downtrend line a few hours ago.
It is expected that, as long as the pair is trading at the high of 0.7835, it targets 0.80, as a classic scallop form on the 4 hour time frame.
Support: 0.7825, 0.7786, 0.7714
Resistance: 0.7914, 0.7945, 0.7995
Direction: Up

Other news

Sterling fell and euro rose amid renewed uncertainty about Brexit

  The pound weakened against major currencies in the European session on Monday, amid renewed uncertainty over Brexit, with officials from the UK and the European Union saying at the weekend that more work was needed to secure the Brexit agreement. After intense talks in Brussels, the EU's chief negotiator, Michel Barnier, said there was still a "big gap" on tariff arrangements. The pound traded in a negative territory against…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.