Aussie trades higher on upbeat business confidence,targets 0.750

FX:AUDUSD   Australian Dollar / U.S. Dollar
466 7 20
AUD/USD             slightly recovered from low of 0.7412 on account of better than expected business confidence.

NAB sentiment index advanced             to 10 from 8 in May as companies turned positive in all industries bar mining.

Technically Aussie is facing strong support around0.7400 and any break below will target 0.73700/0.7340 level.

On the higher minor resistance is around 0.7435 and any break above will target 0.7470/0.7500.

Overall trend reversal only above 0.7500

It is good to buy at dips around 0.7425 with SL around 0.7400 for the TP of 0.7470/0.7498
Hey new to trading here and i wondering why the circled area is considered bullish when it ended on a red candle?
Excelent as ever!
Fixing to start trading on you been watching your charts and I find them refreshing keep up the good work I am fixing to be a bill paid off fellow due to guys like you thanks.
FxWirePro north7777
@north777 thank you
Great trade. Really appreciate the ideas. :)
Good job buddy.Your analysis are always up to the point.
FxWirePro TahirAli
Thank you
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out