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Technical analysis

10.04.201806:37 Forex Analysis & Reviews: Technical analysis and trading recommendations for the AUD / USD currency pair as of April 9, 2018

Long-term review

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The AUD/USD currency pair shows a downward movement from the beginning of February, issuing over 400 points of a downtrend on the result. Now we see how the quotation reached a periodic level of 0.7630, it formed a pullback, but still retaining a bearish interest. It is likely that after a small rollback of 0.7720, we will resume the downward movement again, where the main level is 0.75 before the price. Otherwise, the range will be tightened within the limits of 0.7730 / 0.7730.

Key Levels

Resistance - 0.7800; 0.7900 * 0.8000; 0.8110

Support - 0.7630 *; 0.7500

Draw your attention: Predictions are not a direct guide to action!

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