AUD/USD - Australian Dollar US Dollar Nov 29

Nov 29, 2004 1 Replies

AUD/USD - Australian Dollar US Dollar Short term (Intraday)



0,7846. AUD USD is in an uptrend supported by 4H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. The price is just above 0,7840 support. The volatility is low. MACD is in a bearish configuration. There is a positive divergence between price and oscillators on the 15min chart. The price has a good probability to go up. The price should find a support above
0,7830/40. We could take a long position at 0,7840. We will put the stop loss below 0,7820 (-20 pips). The targets are 0,7890 (+50 pips)
0,7950 (+110pips). This is a dangerous trade, take care and put your stop loss. Resistances : 0,7875 - 0,7920 - 0,7950 Supports : 0,7840 - 0,7750 Chart :
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