empty
 
 
29.10.2015 01:20 PM
Technical analysis of AUD/USD for October 29, 2015

This image is no longer relevant

Technical outlook and chart setups:

The AUD/USD pair has bounced right from the 0.7080 levels as expected and discussed yesterday. The upper level is Fibonacci convergence point as well, as shown here. A bullish reversal is appearing on the hourly chart, indicating that the next potential direction could be downward. It is therefore recommended to initiate at least 50% long positions with risk below 0.7000 levels. Immediate support is seen at the 0.7000 levels, followed by 0.6930, 0.69 and lower, while resistance is seen at the 0.7300 levels (interim), followed by 0.7375 and higher.

Trading recommendations:

Stay long for now, stop is at 0.7000, target is open.

Good luck!

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback