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27.07.201709:08 Forex Analysis & Reviews: Technical analysis and trading recommendations for the currency pair AUD/USD for July 27, 2017

Long-term review

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On the trading chart, we can observe the active upward movement, where the pair is overcoming the levels and has already reached the psychological value of 0.8000, while not reducing the "bullish" interest. It is likely that the upward interest will continue, where the bulls will try to get closer to the level of 0.8150, which reflects the resistance level. BUT near this value (0.8150), it is possible to observe a slowdown which will result in a temporary flat and an attractive platform for short positions.

Key levels

Resistance - 0.8150 (+/- 20p); 0.8300; 0.8600

Support - 0.7710 (+/- 20p); 0.7500; 0.7310

Signals

- Buying a pair is recommended to be made at a price above 0.8070, with the prospect of a move to 0.8110 / 0.8150.

- It is recommended to sell a pair after the resumption of the "bearish" interest, probably after a slowdown near the level of 0.8150.

Note: Forecasts are not a direct guide to action!

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