AUD/USD: the Bears testing SSA’s support

AUD/USD: the Bears testing SSA’s support

2019-11-11 • Updated

Technical levels: support – 0.7580; resistance – 0.7630

Trade recommendations:

  1. Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7500.
  2. Buy — 0.7600; SL — 0.7590; TP1 — 0.7660; TP2 — 0.7690.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to the SSA’a support.

03-audusdh4.png

Similar

Best Instruments to Trade This Week
Best Instruments to Trade This Week

This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.

CAD Might Weaken Ahead of the Macklem's Speech
CAD Might Weaken Ahead of the Macklem's Speech

Later today Tiff Macklem, the governor of the BoC (Bank of Canada) is expected to speak at the Riksbank's International Symposium as part of a discussion panel on 'Central Bank Independence'.

Trade Idea: Major Pairs - 15-12-22
Trade Idea: Major Pairs - 15-12-22

If you've followed my analyses closely for a while now you'll already understand why I always look to the price action on the DXY (US Dollar) chart for clarity on how to approach trading the major pairs. Looking at the chart above, we see clearly the descending wedge leading price off right into the PIVOT demand zone

Latest news

Is JPY Ready to Reclaim All-Year High?
Is JPY Ready to Reclaim All-Year High?

Between October 2022, and January 2023, the Japanese Yen outperformed several other currency pairs, resulting in over a thousand pips move on pairs like EURJPY, GBPJPY, and 2000-plus...

How Will Euro Move After the ECB
How Will Euro Move After the ECB

The European Central Bank (ECB) raised its interest rates by 0.5% to 3%, as planned, to combat inflation, despite some investors'...

Key Moment for the Oil Market
Key Moment for the Oil Market

Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations. The annual inflation rate of 6%...

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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