x
Breaking News
0

AUD/USD Bounced From 7340/50 After The Top At 7373

By Jason SenForexJan 10, 2017 06:35AM ET
www.investing.com/analysis/audusd-daily-forecast---10-january-2017-200172006
AUD/USD Bounced From 7340/50 After The Top At 7373
By Jason Sen   |  Jan 10, 2017 06:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

AUD/USD Weekly Chart
AUD/USD Weekly Chart

AUD/USD bounced from 7340/50 after the top at 7373 with a recovery this morning we look for a test of that important longer term resistance at 7380/90 for an excellent selling opportunity.

**A high for the recovery is expected here.** Try shorts with stops above 7430. The longer term bear trend should resume from here.**

However, a sustained break above 7410 means the important resistance has been broken. This is a short term buy signal targeting 7440/45 then 7460/65. Below 7340 is more negative and targets quite good support at 7325/20. Below 7300 risks a slide to 7260/55.

AUD/USD Bounced From 7340/50 After The Top At 7373
 
AUD/USD Bounced From 7340/50 After The Top At 7373

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
 
 
 
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email