AUD/USD – Bullish outlook – daily strategy for June 25, 2013
June 25, 2013 4:00 pm
The Australian dollar has been trying to recover losses, but has found an obstacle in the area of 0.9295. If the pair manages to break this level, it will certainly be the technical signal, confirmation to start buying. We believe that the rise will be observed only in part of a technical correction, but if the pair manages to consolidate above 0.95 and breaks the downtrend channel weekly charts, it will be time for a new bull rally. Until it happens, we just have to buy in the supports or in the rebound. On the other hand, watching our MACD indicator we note that the Momentum Indicator is showing a bullish sign, as it has broken the moving average of the MACD as a sign of bullish momentum for the next few days.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar has been trying to recover losses, but has found an obstacle in the area of 0.9295. If the pair manages to break this level, it will certainly be the technical signal, confirmation to start buying. We believe that the rise will be observed only in part of a technical correction, but if the pair manages to consolidate above 0.95 and breaks the downtrend channel weekly charts, it will be time for a new bull rally. Until it happens, we just have to buy in the supports or in the rebound. On the other hand, watching our MACD indicator we note that the Momentum Indicator is showing a bullish sign, as it has broken the moving average of the MACD as a sign of bullish momentum for the next few days.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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