AUD/USD is trading at the level of 0.8995 in Asia. The pair is witnessing selling some resistance at the 0.9008 level. Daily momentum indicators are giving a buy signal. We recommend to buy this pair on a hourly basis only above 0.9008 for the targets at 0.9045, 0.9072, and 0.9133. More strength is above the level of 0.9011. In the hourly chart, the pair gave an upside breakout. The interim resistance levels are 0.9011, 0.9045, 0.9055. On the downside, support levels exist at 0.8984, 0.8978, and 0.8969. In the daily chart, RSI still looks positive, and the pair is trading above the short-term moving averages. The pair is weak below 0.8890. If the pair closes above the level of 0.9085, the bulls will gain more strength and we can see further up move towards 0.9210 and 0.9250. A day close below the level 0.8927 will attract short trades.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD is
trading at the level of 0.8995 in Asia. The pair is witnessing
selling some resistance at the 0.9008 level. Daily momentum indicators are giving a
buy signal. We recommend to buy this pair on a hourly basis only above 0.9008
for the targets at 0.9045, 0.9072, and 0.9133. More strength is above the
level of 0.9011. In the hourly chart, the pair gave an upside breakout. The interim resistance levels are 0.9011, 0.9045,
0.9055. On the downside, support levels exist at 0.8984, 0.8978, and 0.8969. In
the daily chart, RSI still looks positive, and the pair is trading above the
short-term moving averages. The pair is weak below 0.8890. If the pair closes above the level of 0.9085, the bulls will gain more strength and we can see further up move towards 0.9210 and
0.9250. A day close below the level 0.8927 will attract short trades.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: