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[QUOTE="Antony_NPBFX, post: 170449, member: 38727"] [size=5][b] AUD/USD: the instrument is trading in both directions 25.09.2019[/b][/size] Good afternoon, dear forum visitors! [url= https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] The Australian dollar strengthened significantly against the US currency on Tuesday, recovering from an uncertain start of the week. The instrument was supported by the results of a speech by RBA head Philip Lowe, who expressed optimism regarding the future prospects of the Australian economy, which, in his opinion, will demonstrate steady growth in the near future, but no significant acceleration should be expected. A positive effect should be achieved by a tax refund, which will increase income from households. Regarding the prospects for monetary policy, Lowe still takes a “dovish” position and believes that in the future the Australian economy may need an additional rate cut. During today's Asian session, the instrument again shows a steady decline, losing positions earned the day before. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate an unsteady decrease. The price range is expanding, reflecting increased trading activity this week. MACD is going down preserving a previous sell signal (located below the signal line). Stochastic, by contrast, maintains an uptrend, having reversed close to its lows at the beginning of the week. The indicator still points at the oversold AUD in the ultra-short term. One should wait for clarification of the situation to open new transactions. Resistance levels: 0.6807, 0.6829, 0.6858, 0.6883. Support levels: 0.6777, 0.6759, 0.6734, 0.6700. [img]http://businesspr-finance.com/wp-content/uploads/2019/09/aud-3-1.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/09/aud-4-1.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the rebound from 0.6777 as from support with the subsequent breakout of 0.6807. Take profit — 0.6858 or 0.6883. Stop loss — 0.6777. The breakdown of 0.6777 may serve as a signal to new sales with the target at 0.6700. Stop loss — 0.6807. Implementation time: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: economic calendar[/b] Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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