Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Forecast:
- According to the previous events, The AUD/USD pair has still been moving between 0.8560 and 0.8593.
- Strong resistance will be formed at the level of 0.8613 providing a clear signal for sell deals with the target seen at 0.8530.
- Stop-loss is to be placed above 0.8630.
- Strong level (support) will be formed at the level of 0.8530 providing a clear signal for buy deals with the target seen at the 0.8600 level.
- Stop-loss is to be placed below 0.8503.
Notes:
- The level of 0.8613 is representing the weekly pivot point.
- The double top will be set at the level of 0.8593.
- We expect a range of 50 pips today. But it should be noted that the risk of 50 pips must make a profit of 75 pips.
- Volatility: 120.331. Therefore, the market indicates the higher volatility.
- The value of 50% Fibonacci retracement levels is 0.8628 (for confirming for the bullish market).
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.