Technical analysis:
AUD/USD has been trading downside yesterday but I found bullish divergence in the momentum and rejection of the support zone at 0.6636
Due to the rejection of the support area and the bullish divergence, I see potential for the further rally towards upside refenreces.
Upside objectives are set at the price of 0.6670 and 0.6705
MACD oscillator is showing bullish divergence and potential for the further growth.
Support level is set at the price of 0.6636
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
AUD/USD
has been trading downside
yesterday but I found bullish divergence in the momentum and
rejection of the support zone at 0.6636
Due
to the rejection of the support area and the bullish divergence, I
see potential for the further rally towards upside refenreces.
Upside
objectives are set at the price of 0.6670 and 0.6705
MACD
oscillator is showing bullish
divergence and potential for the further growth.
Support
level is set at the price of 0.6636
The material has been provided by InstaForex Company – www.instaforex.com
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