AUDUSD - Long From Monthly Support

FX:AUDUSD   Australian Dollar / U.S. Dollar
41 0 3
AUDUSD             has bounced back from the monthly support area 0.6800-0.7000 to 0.7350.
Can draw a long term trend line support from year 2001 until now.
AUDUSD             has made a low at 0.5000 in 2001, then followed by a higher low at 0.6000 in 2008. Recently it has made a low at 0.6830 at the beginning of 2016, still a higher low.
Bullish divergence can be spotted on monthly chart.
Support is 0.6800-0.7000 (The yellow areas)
Resistance is 0.8000-0.8350 (The read areas)
A long is recommend @0.7300
Stop loss under 0.6800 on a monthly close.
Take profit @0.8300

Stay Tuned.
Comment: AUDUSD is approaching 0.7500 level. Keep long position.
Comment: AUDUSD retraced back to 0.7300 level after touching 0.75000 level. More long positions added after retracement @0.7300. Now AUDUSD is boucing back and trying to break 0.75000 resistance level.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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