Overview:
- The pAUD/USD pair has still trapped between 0.7276 and 0.7169. Therefore, the first step is to wait for a period of the tight sideways market before breakouts due to resistance seen at the level of 0.7276 and support found at 0.7169. Then, probably, the market is going to start showing bearish signs. In other words, it is good to sell below 0.7276 (the level of 0.7276 has formed a double top since yesterday) with the first target at 0.7203. The price will drop towards 0.93 in order to to test the lowest level. Also, the level of 0.7203 represents minor support. Moreover, the major support was already found at 0.7169 in the H1 chart. On the other hand, if the pair fails to break 0.9385, the market will indicate a bullish opportunity above 0.7169, then the level will act as strong support. Hence, buy above 0.7169 with the first target at 0.7233. It will call for an uptrend in order to continue bullish movement towards 0.7309 in coming days.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of AUD/USD for December 11, 2015 . Thanks for your support.
No comments:
Post a Comment