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Atirox.com - Daily Analysis
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[QUOTE="andy.atx, post: 176918, member: 58758"] [SIZE=7][B]AUD/USD: TECHNICAL ANALYSIS 17.02.20[/B][/SIZE] [URL='https://atirox.com/wp-content/uploads/AUDUSDH417022020.png'][IMG]https://atirox.com/wp-content/uploads/AUDUSDH417022020.png[/IMG][/URL] [B]Current trend[/B] The AUD/USD pair begins today’s trading with slight bullish bias, trying to consolidate above the resistance level of 0.67291. Assuming the pair’s ability to cross this mark, the area of 0.67444-0.67492 can be targeted if holding long positions. This area can activate a downward rebound as the possibility of the reverse of the price is high there. However, the decisive break of 0.67492 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.67596-0.67749 resistance. [B]Alternative scenario[/B] The downward rebound from 0.67291 resistance could lead the price to 0.67139-0.67086 support. One may speak about downward movement continuation after the price consolidates below the 0.67000 level. In this case, the next targets of sellers will be the level of 0.66833-0.66681. [B]Technical indicators[/B] Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. [B]Support and resistance[/B] Support levels: 0.67139, 0.66986, 0.66833, 0.66681. Resistance levels: 0.67291, 0.67444, 0.67492, 0.67596. [B]Trading recommendations[/B] Long positions can be opened above the level of 0.67300 with the target at around 0.67444-0.67596 and stop-loss at 0.67200. Short positions can be opened below the level of 0.67000 with the target at around 0.66833-0.66681 and stop-loss at 0.67100. [/QUOTE]
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