AUD/USD targeting levels below 0.7600 in the short-term

AUD/USD targeting levels below 0.7600 in the short-term

AUD/USD was smashed near the Fibonacci level of 61.8% at 0.7811, as the sellers regained the control of the situation following a recovery held from the March’s lows. There is an ongoing attempt to make a bearish crossover of moving averages at H4 chart that could strengthen the bearish bias and the Aussie could be on its way to reach the 0.7577 level, where is located the Fibonacci zone of -23.6% at 0.7577.

RSI indicator is hovering in the oversold territory, calling for a rebound when it tests the 0.7642 level.

AUDUSDH4.png

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera