Technicals

Add as a preferred source on Google

FxWirePro: AUD/USD struggles to close above 0.7500, good to sell on rallies

RES 4: 0.7580 (Cloud top) RES 3: 0.7548 (55 day 4H EMA) RES 4 : 0.7532 (Jul 6th high) RES 3: 0.7500 PRICE: 0.7468@ 11:43 GMT SUP 1: 0.7430 (20 day 4 HMA) SUP 2: 0.7370 (Jul 8th low) SUP 3: 0.7326 SUP 4: 0.7297 (161.8% re…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES 4: 0.7580 (Cloud top)

  • RES 3: 0.7548 (55 day 4H EMA)
  • RES 4 : 0.7532 (Jul 6th high)

  • RES 3: 0.7500

      PRICE: 0.7468@ 11:43 GMT 

  • SUP 1: 0.7430 (20 day 4 HMA)

  • SUP 2: 0.7370 (Jul 8th low)
  • SUP 3: 0.7326
  • SUP 4: 0.7297 (161.8% retracement of 0.7371 and 0.74906)

Commentary:

AUD/USD has made a low of 0.7370 and recovered till 0.74950.  Overall trend is weak as long as resistance 0.7500 holds

On the higher side any break above 0.7500 will target 0.7535/0.7560 in short term.

It is good to sell on rallies around 0.7470 with SL around 0.7505 for the TP of 0.7370/0.7305

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560