Current trend
AUD/USD corrected to the middle line of Bollinger Bands (0.7513) after breaking through the lower line (0.7474). Due to the absence of macroeconomic releases today is characterized by low trading activity and rate consolidation. Technical indicators show that the market is relatively calm. Bollinger Bands are turned to the side indicating sideward dynamics. MACD histogram is in the negative zone, but its volumes have slightly reduced and move along the zero line. If the pair manages to break through the level of 0.7513 and consolidate above it, the growth will continue to 0.7544, 0.7575. Otherwise the pair may reverse and retest the support level of 0.7474. Breaking through it will give the pair way to the level of 0.7428.
Support and resistance
Support levels: 0.7474, 0.7428, 0.7396.
Resistance levels: 0.7513, 0.7544, 0.7575.
Trading tips
Sell positions may be opened below the level of 0.7474 with targets at 0.7428 and stop-loss at 0.7494.
Buy positions may be opened above 0.7513 with targets at 0.7544, 0.7575 and stop-loss at 0.7493.
AUD/USD corrected to the middle line of Bollinger Bands (0.7513) after breaking through the lower line (0.7474). Due to the absence of macroeconomic releases today is characterized by low trading activity and rate consolidation. Technical indicators show that the market is relatively calm. Bollinger Bands are turned to the side indicating sideward dynamics. MACD histogram is in the negative zone, but its volumes have slightly reduced and move along the zero line. If the pair manages to break through the level of 0.7513 and consolidate above it, the growth will continue to 0.7544, 0.7575. Otherwise the pair may reverse and retest the support level of 0.7474. Breaking through it will give the pair way to the level of 0.7428.
Support and resistance
Support levels: 0.7474, 0.7428, 0.7396.
Resistance levels: 0.7513, 0.7544, 0.7575.
Trading tips
Sell positions may be opened below the level of 0.7474 with targets at 0.7428 and stop-loss at 0.7494.
Buy positions may be opened above 0.7513 with targets at 0.7544, 0.7575 and stop-loss at 0.7493.