AUDUSD Forex Exchange Price Midday Fell Monday August 7

Australian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY TRADERS 

AUD/USD 4 Hours Chart

AUDUSD Forex Exchange Price Midday  AUDUSD decreased 0.0027 or 0.33% to 0.7907 on Monday August 7 from 0.7933 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

AUD/USD remains neutral as consolidation from 0.8065 is still in progress. As long as 0.7877 support holds, another rise remains mildly in favor. Break of 0.8065 will target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335. Nonetheless, break of 0.7877 will indicate short term topping, with bearish divergence condition in 4 hour MACD. In such case, intraday bias will be turned back to the downside for 0.7711 resistance turned support.



AUDUSD Forex Exchange Price Midday

READ  GBPUSD First Look at British Pound Thursday June 29
READ  Canada Retail Sales MoM down 0.3 percent in August of 2017
READ  AUDUSD Day End for Australian Dollar Friday June 23

In the bigger picture, current development suggests that rebound from 0.6826 is developing into a medium term rise. There is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.

Like up on FACEBOOK


Hashing24 : Cloud Mining

logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)


Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account