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[QUOTE="Antony_NPBFX, post: 197762, member: 38727"] [size=5][b]AUD/USD: AUD is going down 26.07.2021 [/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 been declining against USD in the morning session, developing the "bearish" momentum that formed at the end of last week, when the pair reversed downwards near its local highs since July 19. The development of the downtrend, in addition to technical factors for the correction of long profits at the end of the week, was facilitated by weak macroeconomic statistics from Australia. Commonwealth Bank Services PMI in July fell sharply from 56.8 to 44.2 points against the background of the introduction of new restrictive measures in certain regions of the country. Commonwealth Bank Manufacturing PMI for the same period also fell from 58.6 to 56.8 points, which was worse than projected. In addition to the start of the two-day meeting of the US Fed, investors are awaiting the publication of statistics on consumer inflation in Australia for Q2 2021 on Wednesday. It is expected that prices may show a slight increase, which, however, is unlikely to put additional pressure on the Reserve Bank of Australia (RBA) when choosing a vector of monetary policy. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, remaining rather spacious for the current level of activity in the market. MACD indicator is trying to reverse upwards and form a new buy signal (the histogram has to consolidate above the signal line). Stochastic maintains a steady uptrend and practically does not react to the appearance of a correctional decline in recent days. Resistance levels: 0.7400, 0.7443, 0.7475, 0.7500. Support levels: 0.7338, 0.7300, 0.7265, 0.7200. [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD260721-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/07/AUDUSD260721-333.png[/img] [b] Trading tips [/b] To open short positions, one can rely on the breakdown of 0.7338. Take-profit – 0.7265. Stop-loss – 0.7370. Implementation time: 1-2 days. A rebound from 0.7338 as from support followed by a breakout of 0.7400 may become a signal for new purchases with the target at 0.7475. Stop-loss – 0.7360. [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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