country flagالعربية

AUD/USD Daily Technical Analysis | 10 November 2017

2017-11-10 05:51 am | Resource: Technical Analysis Section | No Views : 179

Our view of AUD/USD is neutral as the pair is trading between 0.7651 and 0.7680 and is still trading in a bearish direction over the hourly interval.

AUD/USD Daily Technical Analysis | 10 November 2017

The pair is a simple moving average, overlapping with the movement of the pair, which is trading above and below, making it neutral.
RSI 14 is trading in a generally bearish direction on the 60-minute time frame and currently we are looking at it neutrally due to trading around the 50 area.
It is expected that if the Australian currency crosses against the US currency the level of 0.7663 might target the level of 0.7651 first and then the level of 0.7622 on the other side, if the breach of the pair to the level of 0.7691 may target the level of 0.7729.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: neutral

Other news

Sterling price fell against major with uncertainty due to Brexit

The pound came under pressure against its main rivals at the European session on Wednesday, as concerns over Britain's exit from the European Union intensified after UK lawmakers rejected Prime Minister Boris Johnson's proposed timetable for pushing the deal ahead of the October 31 deadline. Faradkar: Brexit will last for a long time  Irish Prime Minister Leo Faradkar predicted on Wednesday that Britain's pullout from the European Union "will last…

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.