empty
 
 
10.07.2014 04:42 AM
Short-term forecast and intra week recommendations on AUD/USD for July 10, 2014

AUD/USD

This image is no longer relevant

The Aussie dollar made a high at 0.9504 (four months high). The 20-month Sma pushed the pair off the top. The Aussie dollar had strong resistance at 0.9542 (the high of November 2013). Until the price breaks the previous high, trades can sell on the rally. If the pair manages to cross, we can see the bull extension path up to the 0.9757 and 0.9892 levels.

The monthly key resistance level is 0.9545, buy only above this.

This image is no longer relevant

For the intra week, the pair will face strong resistance at 0.9443 (high as on July 03). Fresh buyers, please buy only above this, or sell with sl 0.9443. If the pair breaks 0.9443, we can see some more upside movement to the 0.95 levels. In Asian session, the pair is holding above the 20-day Sma. It has support at 0.94 below 0.9348 (the 50-day Sma)

Sell below 0.94, Cmp 0.9423

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback