Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Exchange Rates 18.05.2018 analysis

Overview:

The AUD/USD pair will continue to rise from the level of 0.7490. The support is found at the level of 0.7490, which represents the 50% Fibonacci retracement level in the H1 time frame.

The price is likely to form a double bottom. Today, the major support is seen at 0.7490, while immediate resistance is seen at 0.7535. Accordingly, the AUD/USD pair is showing signs of strength following a breakout of a high at 0.7509. So, buy above the level of 0.7509 with the first target at 0.7535 in order to test the daily resistance 1 and move further to 0.7550.

Also, the level of 0.7568 is a good place to take profit because it will form a double top. Amid the previous events, the pair is still in an uptrend; for that we expect the AUD/USD pair to climb from 0.7509 to 0.7568 today. At the same time, in case a reversal takes place and the AUD/USD pair breaks through the support level of 0.7490, a further decline to 0.7450 can occur, which would indicate a bearish market.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Mourad El Keddani,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.