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[QUOTE="Antony_NPBFX, post: 197260, member: 38727"] [size=5][b]AUD/USD: updating December lows 9.07.2021 [/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] AUD has fallen tentatively against USD on Friday being near new record lows since December 2020. The instrument lost in value the day before, despite the publication of rather weak statistics on jobless claims in the US, which, in part, was provoked by technical factors of the correction. The main reason for the sale of AUD was the statements of the Reserve Bank of Australia (RBA) Governor, Philip Lowe, who hastened to calm the markets, agitated by the recent decision of the regulator to cut the quantitative easing program to 4B dollars a week. The official stressed that in the face of existing economic risks, the Australian economy still needs support, and the RBA will try to respond to the changing situation with some anticipation. Lowe also paid special attention to the labor market, noting that the pace of growth in wages has slowed down recently and does not allow inflation to reach target levels. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD is going down preserving a moderate sell signal (located below the signal line). Stochastic keeps a confident downtrend but is already approaching its lows, which indicates the risks of oversold instrument in the ultra-short term. Current showings of the indicators do not contradict the further development of the downtrend in the short term. Resistance levels: 0.7443, 0.7475, 0.7500, 0.7531. Support levels: 0.7400, 0.7373, 0.7338, 0.7300. [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD090721-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD090721-333.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the rebound from the support level of 0.7400 with the subsequent breakout of 0.7443. Take-profit – 0.7531. Stop-loss – 0.7400. Implementation time: 2-3 days. The breakdown of 0.7400 may serve as a signal to new sales with the target at 0.7300. Stop-loss – 0.7443. [b]Use more opportunities of the NPBFX analytical portal: glossary[/b] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. 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.com]NPBFX[/url]. [/QUOTE]
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