Atirox.com - Daily Analysis

andy.atx

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Feb 5, 2019
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USD/CHF: technical analysis 10.09.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 0.99312. If the price is set below the level of 0.99182 (Murray [5/8]), the downward correction can continue to the level of 0.98877 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98572 (Murray [3/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.99312. In this case, the buyers will aim for the level of 0.99487 (Murray [6/8])-0.99619. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.99182, 0.98877, 0.98572.
Resistance levels: 0.99312, 0.99487, 0.99619.

Trading recommendations

Long positions can be opened above the level of 0.99312 with the target at around 0.99487-0.99619 and stop-loss 0.99209.
Short positions can be opened below the level of 0.99182 with the target at around 0.98877 and stop-loss 0.99283.
 

andy.atx

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Feb 5, 2019
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AUD/USD: technical analysis 11.09.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.68665 (Murray [+1/8]) and can grow further to the levels of 0.68843 and 0.68970 (Murray [+2/8]). The area of 0.68970 level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Pullback below 0.68665 could lead the price to the 0.68550 level, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.68359 (Murray [8/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.68665, 0.68550, 0.68359.
Resistance levels: 0.68843, 0.68970, 0.69100.

Trading recommendations

Long positions can be opened above the level of 0.68843 with the target at around 0.68970-0.69100 and stop-loss 0.68757.
Short positions can be opened below the level of 0.68665 with the target at around 0.68550-0.68359 and stop-loss 0.68563
 

andy.atx

Trader
Feb 5, 2019
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AUD/USD: technical analysis 16.09.2019



Current trend

On 4-hour chart, the instrument shows a sideways dynamic. The downward movement will be restored after the price is set below the level of 0.68665 (Murray [-1/8]). In this case, the sellers will aim for the level of 0.68482-0.68359. If the “bulls” manage to raise the rate above the level of 0.68830, the correction can continue to the area of 0.68901-0.68970. The area of 0.68901-0.689641 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 0.68970 (Murray [-2/8]) can accelerate the pair towards 0.69160-0.69314. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.68665, 0.68482, 0.68359.
Resistance levels: 0.68830, 0.68970, 0.69160.

Trading recommendations

Long positions can be opened above the level of 0.68830 with the target at around 0.69160 and stop-loss 0.68720.
Short positions can be opened below the level of 0.68665 with the target at around 0.68359 and stop-loss 0.68767.
 

andy.atx

Trader
Feb 5, 2019
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USD/CHF: technical analysis 23.09.2019



Current trend

USD/CHF is trading side narrow channel 0.98939-0.99215. The general downward trend is still maintained, which is confirmed by technical indicators. If the sellers manage to decline the rate below the level of 0.99073, the downward movement can continue to the area of 0.98877 (Murray [4/8]). The level of 0.98877 seem a strong support. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98690. Alternative scenario. The upward trend will be restored after the price is set above the level of 0.99357, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.99487 (Murray [6/8]), 0.99680. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.99073, 0.98877, 0.98690.
Resistance levels: 0.99182, 0.99357, 0.99487, 0.99680.

Trading recommendations

Long positions can be opened above the level of 0.99357 with the target at around 0.99487-0.99680 and stop-loss 0.99249.
Short positions can be opened above the level of 0.99073 with the target at around 0.98877-0.98690 and stop-loss 0.99200.
 

andy.atx

Trader
Feb 5, 2019
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AUD/USD: technical analysis 24.09.2019



Current trend

On 4-hour chart, the instrument shows a moderate positive dynamic. At the moment the price has met the resistance at the level of 0.67856, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 0.68054 (Murray [7/8]) can be targeted if holding long positions. The level of 0.68054 seem a strong resistance, that can activate an downward rebound. If AUD/USD cannot consolidate above the level of 0.67856 during short term period, the downward movement restoration and retest of the level 0.67658 are possible. The general downward trend will be restored after the price is set below the level of 0.67444 (Murray [5/8]). In this case, the next targets of sellers will be the level of 0.67139 (Murray [4/8]). Technical indicators reflect the moderate maintenance of the current upward dynamic. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.67749, 0.67658, 0.67444.
Resistance levels: 0.67856, 0.68054, 0.68359.

Trading recommendations

Long positions can be opened above the level of 0.67856 with the target at around 0.68054 and stop-loss 0.67790.
Short positions can be opened below the level of 0.67749 with the target at around 0.67658-0.67444 and stop-loss 0.67850.
 

andy.atx

Trader
Feb 5, 2019
170
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USD/CHF: TECHNICAL ANALYSIS 03.10.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to correction. USDCHF bounced off the 0.99609 support but is yet to cross the 0.99812 resistance. The upward correction will be restored after the price is set above this level. In this case, the next targets of buyers will be the level of 0.99945, 1.00098. The area of 1.00098 seems a key level for the buyers in short term period. It can activate active sales of USD/CHF. If USD/CHF cannot consolidate above the level of 0.99812 during short term period, the downward movement restoration and retest of the level 0.99609 (the middle line of Bollinger Bands) are possible. The breakdown of this level will let the price fall to the area of 0.99487 (Murray [6/8])-0.99295 support zone.
The technical picture is mixed. Bollinger Bands are converging without any clear signal. MACD volumes are slowly increasing in the positive zone. Stochastic is pointed downwards, reflecting the possibility of the downward movement formation.

Support and resistance

Support levels: 0.99609, 0.99487, 0.99295.
Resistance levels: 0.99792, 0.99945, 1.00098.

Trading recommendations

Short positions can be opened below the level of 0.99609 with the target at around 0.99487-0.99295 and stop-loss 0.99713.
Long positions can be opened above the level of 0.99812, with the target at around 0.99945-1.00098 and stop-loss 0.99716.
 

andy.atx

Trader
Feb 5, 2019
170
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USD/CAD: TECHNICAL ANALYSIS 07.10.2019

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias due to upward correction. If the current trend maintains, the next target of buyers will be the level of 1.33362 (Murray [5/8]). The area of 1.33362-1.33473 seem a strong resistance area which can prevent the instrument from growing. Meanwhile the breakout and pair’s sustained trading above the 1.33473 level will let the price grow to the area of 1.33667 (Murray [6/8]). If USD/CAD cannot consolidate above the level of 1.33362 during short term period the downward movement restoration and retest of the level 1.33057 (Murray [4/8])-1.32987 are possible.
The downward trend will be restored after the price is set below the level of 1.32987. In this case, the next targets of sellers will be the level of 1.32828-1.32751. Technical indicators mostly keep a buy signal. Bollinger Bands are converging on the background of bullish momentum. MACD is slowly growing in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.33128, 1.33057, 1.32987, 1.32751.
Resistance levels: 1.33266, 1.33362, 1.33473, 1.33667.

Trading recommendations

Long positions can be opened above the level of 1.33362 with the target at around 1.33667 and stop-loss 1.33260.
Short positions can be opened below the level of 1.33128 with the target at around 1.33057-1.32800 and stop-loss 1.33237.
 

andy.atx

Trader
Feb 5, 2019
170
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AUD/USD: TECHNICAL ANALYSIS 08.10.2019

Current trend

AUD/USD is in the stage of upward correction after falling to the level of 0.67281. If the "bulls" manage to raise the rate above the resistance level of 0.67503, the correction can continue to the area of 0.67619. Assuming the pair’s ability to cross this level, the mark of 0.67749 can be targeted if holding long positions. The area of 0.67749-0.67790 levels is an important area of resistance to watch in the short-term period. There is a chance of an downward rebound, while its breakout could trigger pairs fresh run-up to a two weeks high surrounding 0.68054.
Alternative scenario.
If AUD/USD cannot consolidate above the level of 0.67503 during short term period, the downward movement and retest of the support level 0.67281 are possible.
The downward trend will be restored after the price is set below the level of 0.67281. In this case, the next targets of sellers will be the level of 0.67139 (Murray [4/8])-0.67092.
Technical indicators mostly reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.67291, 0.67139, 0.67092.
Resistance levels: 0.67503, 0.67619, 0.67749, 0.67902.

Trading recommendations

Long positions can be opened above the level of 0.67503 with the target at around 0.67619-0.67749 and stop-loss 0.67421.
Short positions can be opened below the level of 0.67291 with the target at around 0.67139-0.67092 and stop-loss 0.67357.
 

andy.atx

Trader
Feb 5, 2019
170
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USD/CHF: TECHNICAL ANALYSIS 17.10.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now we can see a slight upward correction is forming, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 0.99380, the correction can continue to the area of 0.99487-0.99522. There is a chance of an downwards rebound, while its breakout will accelarate the pair towards 0.99640 resistance line. The level of 0.99640 will be a key level for the buyers.
Alternative scenario.
The downward trend will be restored after the price is set below the level of 0.99279. In this case, the next targets of sellers will be the level of 0.99182-0.99030.
Technical indicators mostly keep a sell signal but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.99335, 0.99182, 0.99030.
Resistance levels: 0.99487, 0.99640, 0.99792.

Trading recommendations

Short positions can be opened below the level of 0.99279 with the target at around 0.99182-0.99030 and stop-loss at 0.99331.
Long positions can be opened above the level of 0.99380 with the target at around 0.99640 and stop-loss at 0.99293.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
AUD/USD: TECHNICAL ANALYSIS 18.10.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 0.68380.
Assuming the pair’s ability to cross this level, the mark of 0.68512 can be targeted if holding long positions. The area of 0.68512-0.68665 seem a strong resistance area which can restrict further rise. Meanwhile, the breakout of 0.68665 will accelerate the bullish momentum and give the prospect of growth to the level of 0.68831.
Alternative scenario.
If the sellers manage to decline the rate below the level of 0.68207, the correction can continue to the area of 0.68054. Should prices continue slipping under 0.68054 mark, the level of 0.67902 might try activating an upward rebound.
Technical indicators reflect the maintenance of the current upward dynamics. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.68207, 0.68054, 0.67902.
Resistance levels: 0.68380, 0.68512, 0.68665.

Trading recommendations

Long positions can be opened above the level of 0.68380 with the target at around 0.68512-0.68665 and stop-loss 0.68285.
Short positions can be opened below the level of 0.68207 with the target at around 0.68054-0.67902 and stop-loss 0.68308.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
EUR/JPY: TECHNICAL ANALYSIS 21.10.2019

Current trend

EUR/JPY quotes attempted to grow, but reaching 121.133 mark moved to a downard correction. If the sellers manage to decline the rate below the level of 120.984, the correction can continue to the area of 120.687, which coincided with the middle line of Bollinger Bands. The level of 120.687 seem a key target of correction. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to thr area of 120.313 level.
Alternative scenario.
The upward trend will be restored after the price is set above the level of 121.094. In this case, the buyers will aim for the level of 121.347 level. The area of 121.347 level is a strong resistance area, which can prevent the instrument from growing. Meanwhile, the decisive break of 121.347 level will indicate the up trend resumption and let the price to grow to the area of 121.518 level.
Technical indicators mostly reflect the moderate maintenance of the downward correction. MACD volumes are decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Bollinger Bands are pointed upwards.

Support and resistance

Support levels: 120.984, 120.687, 120.313.
Resistance levels: 121.094, 121.347, 121.518.

Trading recommendations

Short positions can be opened below the level of 120.984 with the target at around 120.687 and stop loss at 121.083.
Long positions can be opened above the level of 121.094 with the target at around 121.347 and stop loss at 121.000.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
USD/CHF: TECHNICAL ANALYSIS 22.10.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias amid the correction.
The price is approaching a strong resistance in the region of 0.98700, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakout would allow the growth to continue to the area of 0.98877 level. This mark will be a key level for the buyers is short term period. The breakout of this level will be a signal for upward trend formation.
Alternative scenario.
If USD/CHF cannot consolidate above the level of 0.98700, the downward movement restoration and retest of the support level 0.98389 are possible.
One may speak about downward trend continuation after the price consolidates below the support level of 0.98389. In this case, the next targets of sellers will be the level of 0.98267-0.97961.
Technical indicators reflect the maintenance of the upward correction potential. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards. Bollinger Bands are converging on the background of bullish momentum.

Support and resistance

Support levels: 0.98572, 0.98389, 0.98267, 0.97961.
Resistance levels: 0.98700, 0.98877, 0.99000.

Trading recommendations

Short positions can be opened below the level of 0.98572 with the target at around 0.98389 and stop-loss at 0.98673.
Long positions can be opened above the level of 0.98700 with the target at around 0.98877-0.99000 and stop-loss at 0.98600.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
NZD/USD: TECHNICAL ANALYSIS 29.10.2019

Current trend

The NZD/USD pair begins today’s trading with slight bullish bias amid the correction.
At the moment the price has met the resistance at the level of 0.63744, which coincided with the middle line of Bollinger Bands.
The upward trend will be restored after the price is set above the level of 0.63782.
In this case, the next targets of buyers will be the area of 0.63858-0.64087.

Alternative scenario.

If the price cannot consolidate above the level of 0.63782 during the short term period the price can reverse and retest the support level of 0.63553-0.63477. The area of 0.63477-0.63332 is the key level for the sellers. A decisive breakdown of 0.63332 could trigger a pair’s fresh decline to 0.63171 support.

Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.63477, 0.63332, 0.63171.
Resistance levels: 0.63782, 0.64087, 0.64255.

Trading recommendations

Long positions can be opened above the level of 0.63782 with the target at around 0.64087 and stop-loss at 0.63680.
Short positions can be opened below the level of 0.63477 with the target at around 0.63332-0.63171 and stop-loss at 0.63579.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
USD/CHF: TECHNICAL ANALYSIS 04.11.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to correction.
The first target of the correction is the level of 0.98877, which corresponds to the middle line of Bollinger Bands. The area of 0.98877-0.98941 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, a decisive break of 0.98941 will indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 0.99030-0.99182.
Alternative scenario.
If USD/CHF cannot consolidate above the level of 0.98724, the downward movement restoration and retest of the level 0.98572-0.98502 are possible. The breakdown of the level 0.98502 will let USD/CHF to decline to the level of 0.98419-0.98267.
Technical indicators mostly reflect the maintenance of the upward correction potential. Bollinger Bands are converging on the background of bullish momentum.MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.98577, 0.98419, 0.98267.
Resistance levels: 0.98877, 0.99030, 0.99182.

Trading recommendations

Long positions can be opened above the level of 0.98877 with the target at around 0.99030-0.99182 and stop-loss at 0.98775.
Short positions can be opened below the level of 0.98502 with the target at around 0.98267 and stop-loss at 0.98580.
 

andy.atx

Trader
Feb 5, 2019
170
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GBP/USD: TECHNICAL ANALYSIS 05.11.2019
Current trend


On the 4-hour chart, the instrument keeps a negative dynamic. The instrument is now testing the support level of 1.28784. Assuming the pair’s ability to cross this hurdle, the marks of 1.28479 can be targeted if holding short positions.

Alternative scenario.
The rebound from the level of 1.28757 and the pair’s sustained move above 1.28898 will be a signal for an upward correction. In this case, the growth can continue to the area of 1.29089 - 1.29258. The area of 1.29258-1.29395 will be a key target of correction move. There is a chance of a downward rebound, while a breakout of 1.29395 will indicate the upward trend resumption and give the prospect of growth to the level of 1.29700.

Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1.28784, 1.28479, 1.28174.
Resistance levels: 1.28898, 1.29258, 1.29700.

Trading recommendations

Short positions can be opened below the level of 1.28784 with the target at around 1.28479 and stop-loss 1.28885.
Long positions can be opened above the level of 1.28900 with the target at around 1.29258 and stop-loss 1.28780.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
NZD/USD: TECHNICAL ANALYSIS 06.11.2019

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.63629, but the general downward trend is still maintained. The downward trend will be restored after the price is set below the level of 0.63637. In this case, the next targets of sellers will be the level of 0.63477. This level seems a key level for the sellers in the short term period. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and give the prospect of decline to the levels of 0.63224.
Alternative scenario.
If the "bulls" manage to raise the rate above the level of 0.63821, the correction can continue to the area of 0.63934. In case the pair manage to cross this hurdle the buyers will aim for a 0.64087 resistance zone.

Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are diverging on the background of bearish momentum. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 0.63629, 0.63477, 0.63324.
Resistance levels: 0.63782, 0.63934, 0.64087.

Trading recommendations

Long positions can be opened above the level of 0.63782 with the target at around 0.63934-0.64087 and stop-loss at 0.63680.
Short positions can be opened below the level of 0.63629 with the target at around 0.63477-0.63324 and stop-loss at 0.64527.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
EUR/JPY: TECHNICAL ANALYSIS 11.11.2019

Current trend

On the 4-hour chart, EUR/JPY keeps a negative dynamic. The price is approaching strong support in the region of 120.117. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 119.922. A decisive breakdown of 119.922 is needed to indicate the downtrend resumption. In this case, the next targets of sellers will be the level of 119.610.

Alternative scenario.
The rebound from the level 120.703 and pair’s sustained trading above 120.313 will be a signal for upward correction formation. In this case, the next targets of buyers will be the area of levels of 120.508-120.603.
Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 120.117, 119.922, 119.610.
Resistance levels: 120.313, 120.508, 120.603.

Trading recommendations

Short positions can be opened below the level of 120.117 with the target at around 119.922-119.800 and stop-loss at 120.222.
Long positions can be opened above the level of 120.313 with the target at around 120.508-120.603 and stop-loss at 120.213.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
USD/CHF: TECHNICAL ANALYSIS 12.11.2019

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 0.99280. The first target of the correction is the level of 0.99487, which corresponds to the middle line of Bollinger Bands. There is a high chance of a downward rebound, while its decisive breakout will indicate the upward trend resumption. In this case, the next targets of buyers will be the area of 0.99640, 0.99792.

Alternative scenario.
The rebound from 0.99487 and the price' sustained move below 0.99283 will be a signal for a downward trend continuation. In this case, the next targets of sellers will be the level of 0.99182-0.99030.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.

Support and resistance

Support levels: 0.99335, 0.99182, 0.99030.
Resistance levels: 0.99487, 0.99640, 0.99792.

Trading recommendations

Short positions can be opened below the level of 0.99283 with the target at around 0.99182-0.99030 and stop-loss at 0.99367.
Long positions can be opened above the level of 0.99500 with the target at around 0.99640-0.99792 and stop-loss at 0.99402.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
AUD/USD: TECHNICAL ANALYSIS 18.11.2019

Current trend

AUD/USD is in the stage of a downward correction after growing to the level of 0.68190. If the price managed to cross the 0.68054 support, the downward correction can continue to the area of 0.67978-0.67749. The area of 0.67749-0.67689 will be a key zone for the sellers. There is a high chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and let the price fall to the area of 0.67444 support level.

Alternative scenario

The rebound from 0.68054 support could lead the price back to 0.68190 resistance. One may speak about upward movement continuation after the price consolidates above this resistance mark. In this case, the next targets of buyers will be the area of 0.68359-0.68404.

The technical picture is mixed.
Bollinger Bands are pointed sideways.
MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods.
Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.68054, 0.67749, 0.67444.
Resistance levels: 0.68200, 0.68359, 0.68665.

Trading recommendations

Short positions can be opened below the level of 0.68054 with the target at around 0.67749 and stop-loss at 0.68154.
Long positions can be opened above the level of 0.68200 with the target at around 0.68359-0.68404 and stop-loss at 0.68130.
 

andy.atx

Trader
Feb 5, 2019
170
0
22
27
AUD/USD: TECHNICAL ANALYSIS 26.11.2019

Current trend
The AUD/USD pair begins today’s trading with slight bullish bias due to correction. If the current trend maintains, the price will reach the 0.67902 resistance, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.68054. This level seems a strong resistance, which can restrict further rise. Meanwhile, the decisive break of 0.68054 will able to accelerate the pair towards 0.68207.
Alternative scenario
The downward trend will be restored after the price is set below the level of 0.67674. In this case, the next targets of sellers will be the level of 0.67596, 0.67444. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.
Bollinger Bands are pointed downwards.
The volumes of MACD histogram are growing in the negative zone.
Stochastic is pointed upwards, reflecting the high possibility of upward movement formation.
Support and resistance
Support levels: 0.67749, 0.67596, 0.67444.
Resistance levels: 0.67902, 0.68054, 0.68207.
Trading recommendations
Short positions can be opened below the level of 0.67674 with the target at around 0.67444 and stop-loss at 0.67750.
Long positions can be opened above the level of 0.67902 with the target at around 0.68207 and stop-loss at 0.67802.