Advertisement
Advertisement
trade360
BREAKING NEWS : Start Trading Today Join Now!
Advertisement etoro

AUD/USD analysis: modest recovery, but more gains unclear

Written Valeria Bednarik | 2017-11-14 07:41:13 GMT

From a technical point of view, the intraday recovery is little relevant within the dominant bearish trend, as the pair topped right below 0.7640, and struggles around the previous two months' lows in the 0.7625 region, unable to accelerate beyond the level. Shorter term, and according to the 4 hours chart, the risk remains towards the downside, as the price is developing below a bearish 20 SMA, while technical indicators entered a consolidative phase right well into bearish territory. The mentioned 20 SMA stands at 0.7660, the immediate resistance, followed by 0.7695, where selling interest has contained rallies the last two weeks. Below 0.7610, the pair has scope to extend its decline initially to 0.7570, where it has a couple of daily lows from early July, followed later by 0.7535.

Support levels: 0.7610 0.7570 0.7535

Resistance levels: 0.7660 0.7695 0.7730

View Live Chart for the AUD/USD

Advertisement
2017 Trader of the Year is back! Don't miss the opportunity to win more than $12.000 in prizes!

Author

Valeria Bednarik
XM

Featured Forex Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    tickmill
  • Minimum Deposit: 25 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FSA SD008
  • tickmill
    markets
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • markets

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Offer: 30 USD No Deposit Bonus - 50% Deposit Bonus
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    Email: reviewbrokers.net@gmail.com
    Skype:fxvnpro