Yesterday AUDUSD pair turned down from the resistance area, located at around 0.7860 and the daily upper Bollinger line and the 38.2% Fibonacci retracement. The strong downward trend can be seen on the daily chart, which points to the next sales target - 0.7640. Downward trend for AUDUSD can resume.
Trading Recommendations
The currency pair AUDUSD is still consolidating within a four-hour Ichimoku cloud. But, in recent days, bearish pressure is much more perceived.
AUDUSD turned from the resistance area. The next target for sale at 0.7640. Oscillators are showing disposition to decline. The MACD histogram has fallen below zero. Technical support levels are located at 0.7730, 0.7760; resistance - at 0.7800. Trading recommendations are as follows: 1. Sale - 0.7770 / 80; SL - 0.7800; TP1 - 0.7650; TP2 - 0.7600, FBS experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
