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[QUOTE="Antony_NPBFX, post: 197555, member: 38727"] [size=5][b]AUD/USD: AUD hits record lows 19.07.2021 [/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 seen a fairly strong decline against USD during the Asian session, hitting record lows since December 7, 2020. USD continues to gain momentum, despite the fact that macroeconomic statistics and statements by officials do not always contribute to the growth of "bullish" sentiment. In particular, last Friday, the market received statistics on the dynamics of Michigan Consumer Sentiment Index. In July, the indicator unexpectedly fell from 85.5 to 80.8 points, while analysts expected it to rise to 86.5 points. Last week, the Chair of the US Fed Jerome Powell made a speech, in which he noted that the American economy still needs incentives, and therefore the regulator will not rush to reduce the quantitative easing program, as well as to raise the interest rate. Macroeconomic background on Monday remains quite calm, so trading activity is likely to remain low. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, but it fails to catch the development of "bearish" trend at the moment. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic retains stable downward direction but is located in close proximity to the zero level, which indicates the oversold AUD in the ultra-short term. Existing short positions should be kept until technical indicators are clarified. Resistance levels: 0.7400, 0.7443, 0.7475, 0.7500. Support levels: 0.7371, 0.7338, 0.7300, 0.7265. [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD190721-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD190721-333.png[/img] [b] Trading tips [/b] To open new short positions, one can rely on the breakdown of 0.7371. Take-profit – 0.7300. Stop-loss – 0.7410. Implementation time: 1-2 days. A rebound from 0.7371 as from support followed by a breakout of 0.7400 may become a signal for new purchases with the targets at 0.7475–0.7500. Stop-loss – 0.7350. [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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