Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

AUD/USD: Wave Analysis

Published 06/30/2015, 04:50 AM
Updated 03/09/2019, 08:30 AM

2015-06-30 11:21 (GMT+2) AUD/USD

The probability of decrease is saved.

The Australian dollar continues to decline, and, apparently, a long-term "bearish" trend goes on. Presumably, at the moment, the fifth wave of the senior level (5) is developing, within which the first wave 1 of (5) in the form of an impetus and the correction 2 of (5) have been formed. Locally, most likely, the third wave of 3 has started to form. If the assumption is correct and the price does not break through the critical level of 0.7847, the pair will continue decreasing to the level of 0.7287.

Trading tips
Sell the couple from corrections, below 0.7847 with the target at 0.7287. If the level 0.7847 is broken through, buy the pair with the target at 0.8160.


Alternative Scenario
Breakout and consolidation above the level of 0.7847 will allow the price to continue growing to the level of 0.8160.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.