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.
Overview:
- According to the previous events, the price of AUD/USD pair has still been trapped between 0.9303 and 0.9380. So, the range of this pair today is likely to be about 63 pips. Therefore, the first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bearish signs. In other words, it will be a good sign to sell below 0.9385 with the first target at 0.9335, and the price will climb towards 0.9303 in order to test this strong support on July 3, 2014; (it should be noted that at the level of 0.9303 a double bottom will be formed). However, if the pair fails to break 0.9303, the market will indicate a bullish opportunity above 0.9310 because this price will really act as a strong support. Hence, it will be a good sign to buy above 0.9310 with the first target at 0.9337 and it will call for an uptrend in order to continue bullish movement towards 0.9380.
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.
Stay 
