AUD/USD Bearish Trend

Forex Trading Signals

The major trend of AUD/USD is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 0.7830 consolidating & gaining strength to break it upside. Today if the pair breaks 0.7831 & managed to sustain above it, then we can expect it to test the level of 0.7876/ 0.7910 in a day or two.

Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in buying territory supporting upside movement in the pair. MACD line has recently break the zero line,indicating the up trend in the market.

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STRATEGY :-AUD/USD is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

                                                                Technical Report

                                                          

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1208	1.1264	1.1338	1.1394	1.1468	1.1524	1.1598
GBP/USD	1.5222	1.5268	1.5311	1.5357	1.5400	1.5446	1.5489
USD/JPY	117.27	117.74	118.50	118.97	119.73	120.20	120.96
USD/CHF	0.9222	0.9254	0.9312	0.9344	0.9402	0.9434	0.9492
AUD/USD	0.7681	0.7713	0.7767	0.7799	0.7853	0.7885	0.7939
EUR/GBP	0.7311	0.7341	0.7387	0.7417	0.7463	0.7493	0.7539

FOREX Trading Signal For Today: AUD/USD Trend

AUD/USD Today

AUD/USD Trend 

Today the pair AUD/USD traded with a neutral character, bulls gradually gain strength, trying to break out of the range. Currently on the daily chart we can see the main downward trend of gradually increasing interest prevails. As previously predicted, after a bullish rally in the market gradually went along consolidation range 0.9215/0.9265. Now we see how the market has a balance between bulls and bears, giving time for taking a decision on the future course. Development of the plot for the next trading days may be so- maybe we will see further uncertainty in the range (0.9215/0.9265) as long as the bulls or bears are not handled market. If the price still be able to cross 0.9265 mark and demonstrate growing interest in long positions, it is possible to expect a gradual rise to the historical level of 0.9365, which is probably formed deeper bearish correction.

Key resistance levels are 0.9275, 0.9365 and 0.9450 while support levels are looking at 0.9200, 0.9100 and 0.9000 levels

FOREX Signal

Buy a pair of recommended at a price above 0.9265, with the prospect of running to around 0.9365.

Sale recommends a pair at a price below 0.9190, with the prospect of running to around 0.9100.

FOREX Trend and Signal For Today: 28th March

FOREX Trend For Today:

EUR/GBP this week based on the imbalance between the components of pairs. Attempts to consolidate above two significant highs this year were unsuccessful, and the gain rate of the pound against the U.S. dollar has had a major influence on the formation of reversal pattern. Today is already falling 1.5% from the March peak. This suggests the increasing probability of a compensatory model. Rate reached a significant support level 0.8267, which was formed at the end of February. Stop depreciation on this level is a new starting point for further development of one of the models. Priority in the current environment remains depreciation, however, in the case of large demand, pay close attention to the possibility of obtaining better prices for sale tool. On the upside, resistance becomes a major fault 0.8320-0.8329 day. This zone will be both an obstacle to growth and levels where you can get great sale in the event of renewed depreciation. Correction model of education is as follows.

FX Signal For Today

AUD/USD has given a perfect breakout after forming Head&Shoulder pattern in Daily Chart. AUD/USD is trending bullish with strong momentum  It has also crossed 200 Day moving Average from below. Next resistance level is at 0.9450 with support at 0.8883. Please see the technical Chart for AUD/USD below-

AUD/USD Technical Chart