Invezted

Aud/Usd Roadmap for 24.06.15

FX:AUDUSD   Australian Dollar/U.S. Dollar
43 0 1
Context:

Price attempted a rallie off the demandline from the upchannel , and we broke out the minor downchannel
however price rejected the 50% level of 77600 , which should be considered weak, price currently
is on its way to test the minor support/demandline at 76930 , if bulls step up at this level , we migh tthest the 50%
mark again . any break of this minor support and we are back in the downtrend.


Trading opportunities:
Long:

Reversal at minor support / demandline at 76930

Short:
Reversal at or near the 50% mark of 77600 - Lower high
breakdown of support / deamdnline at 76930 + retracement


Signs of strength:
rally off demandline
upchannel

Signs Of weakness:
downtrend
rejection of 50% mark


Support:
76930
76400

Resistance:
77600
7793 (mean)


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