country flagالعربية

AUD/USD Daily Technical Analysis | 29 January 2018

2018-01-29 09:34 am | Resource: Technical Analysis Section | No Views : 283

AUD/USD failed to breach the 0.8123 area during the US session on Friday evening due to weak buyers' sentiment. During today's Asian session, the pair broke the ascending trend line and broke the 0.8098 area but without confirmation yet.

AUD/USD Daily Technical Analysis | 29 January 2018

The SMA 20 is neutral.
Relative Strength Index 14 is trading in a symmetrical, live direction, trading within a classical symmetrical triangle pattern on the hourly interval.
It is expected that, if the pair breaks against the US currency 0.8077 may target levels of 0.8020 on the other side, if the breach of the pair level of 0.8134 may target the level of 0.8182.
Support: 0.8034 - 0.7968 - 0.7889
Resistance: 0.8123- 0.8182- 0.8221
Trend: Down

Other news

Dollar rises against major currencies after attacks on Aramco

  The dollar rose against the major currencies with the opening of the weekly markets on Monday after attacks by the Houthis on Saudi Aramco, which caused severe damage and raised levels of global concern Trump calls for federal stimulus amid jump in oil prices US President Donald Trump said on Monday that high oil prices and economic data from China point to the need for US stimulus. He blamed…

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.