http://blog.aaatrade.com/aaatrade-daily-technical-analysis-aud-usd-5/
Our unique trading strategy has provided us with a technical analysis on the AUD-USD pair.
Market scenario : We can observe two major levels on the AUD-USD pair, a support at 0.7340 and a resistance at 0.7450 area.
In our opinion both levels are strong and we are expecting to observe a bounce once price reaches either area.
Constantinos Aristophanous – CFTe,MSTA (Certified Financial Technician)
Georgios Hadjinicodemou – CFTe,MSTA (Certified Financial Technician)
AAATrade Market Research Department
For further inquiries please don’t hesitate to contact us at : constantinos.aristophanous@aaatrade.com or georgios.hadjinicodemou@aaatrade.com
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Risk Warning: Information contained herein are for general information purposes only and are not recommendations directly targeted to any specific trader to take any specific action and cannot guarantee profit. The information and graphics presented herein have been obtained from sources deemed reliable, however, their accuracy cannot be guaranteed. The Company, representatives, employees and other contributors do not assume any liability for any losses incurred from using this information. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all your invested capital. Please click here to read full Risk Disclosures and company Terms & Conditions.
Our unique trading strategy has provided us with a technical analysis on the AUD-USD pair.
Market scenario : We can observe two major levels on the AUD-USD pair, a support at 0.7340 and a resistance at 0.7450 area.
In our opinion both levels are strong and we are expecting to observe a bounce once price reaches either area.
Constantinos Aristophanous – CFTe,MSTA (Certified Financial Technician)
Georgios Hadjinicodemou – CFTe,MSTA (Certified Financial Technician)
AAATrade Market Research Department
For further inquiries please don’t hesitate to contact us at : constantinos.aristophanous@aaatrade.com or georgios.hadjinicodemou@aaatrade.com
Follow Us and Stay Updated!
Risk Warning: Information contained herein are for general information purposes only and are not recommendations directly targeted to any specific trader to take any specific action and cannot guarantee profit. The information and graphics presented herein have been obtained from sources deemed reliable, however, their accuracy cannot be guaranteed. The Company, representatives, employees and other contributors do not assume any liability for any losses incurred from using this information. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all your invested capital. Please click here to read full Risk Disclosures and company Terms & Conditions.
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