AUDUSD Short Brexit | Technical Analysis
The pair finds the immediate resistance at 0.7439/46 (daily high/ June 15 high) above which gains could be extended to the next hurdle located at 0.7500 (round number). On the flip side, the immediate support located at 0.7350 (round number/ daily S1). Selling pressure is likely to intensify below the last, dragging the Aussie 0.7323 (20-DMA) (Best Forex Signals).
AUDUSD Buying Opportunity | Forex Reviews
Currently, the AUDUSD pair trades -0.16% lower at 0.7396, bouncing-off session lows struck at 0.7384 earlier on the day. The Aussie traded quite volatile so far this session, initially spiking higher in a knee-jerk reaction to the Australian jobs report and later on giving all the gains to trade in the negative territory. AUD now seems likely to have a double bottom after the back measuring 0.618 opportunities completion point position in the vicinity of 0.73744 if 0.618 no effective support may aud in bat mode completion point near 0.73435 looking for new support. Pay attention to reversal signal 0.73744-0.73435 interval.
AUDUSD Long | Best Forex Signals
Intraday bias in AUDUSD remains neutral for the moment. Corrective rise from 0.7144 could extend higher and above 0.7503 will target 61.8% retracement of 0.7833 to 0.7144 at 0.7570. Such rise is seen as a correction and we’d expect strong resistance above 0.7570 to limit upside. On the downside, break of 0.7299 minor support will argue that the correction is completed and turn bias back to the downside for retesting 0.7144 low. LONG on lowes price around 1.1230-30 could be a good strategy (Best Forex Signals)
AUDUSD Daily Outlook | Forex Reviews
All of the positions added came from the part-time sector. There were no gains or losses from the full-time portion. The unemployment rate held steady at 5.7 percent as expected. While an increase in the participation rate to 64.9 percent was forecasted, it remained unchanged at 64.8 percent as it was in April.
AUDUSD Upside Target | Trading Forex
Australian front-end government bond yields saw a limited reaction as well. This could have been a result of the markets interpreting the data to have a minor impact to the Reserve Bank of Australia’s outlook on monetary policy. Indeed, the RBA went into a wait-and-see approach in its most recent policy announcement. The central bank believes rates are where they should be in order for CPI and sustainable growth to return to its longer-term target. Typical key level Break & retest setup, price found support @ 0.73700 key level ( previous resistance) Target 0.75500 region Stop : 0.73200
The AUDUSD pair reversed Aus jobs data-induced spike to daily tops and now trades in the red below key support of 0.7400 level, as RBA’s Kent comments on the AUD level weigh.