Last week the pair broke significant support level provided by the 61.8% Fibonacci retracement of latest bullish run (0.7500 -0.8135) at 0.7750 and this opened doors for the further decline that currently we are witnessing. From this point Aussie now is looking for new support and in case drops below the daily low, such could be found at 0.7630 (Mid December 2017 lows).
The upside remains capped by the psychological 0.7800 mark, which was tested last week although bulls couldn’t fight it. Should the pair succeed to break this level, next resistance is provided by the 50% Fibo of above mentioned retracement at 0.7820. On the flip side, immediate support is provided by the 20-day SMA at 0.7770. In case Aussie close below this area, bears would meet again with the 61.8% Fibo at 0.7745.
The pair remains vulnerable for further declines as bears conquered the psychological support at 0.7500, now acting as a resistance. So a potential recovery might lead the price towards fisrt resisatnce area at 0.7480 provided by 50% Fibonaaci retracement of 2016-2018 bullish run, before nearing again this critical 0.75 mark. The downside is immediately protected by the 0.7410-0.7400, and in case the pair close below it, will be poised to extend its decline towards next support at 0.7370, which if broken will open doors for testing the 61.8% of same Fibo at 0.7327.
The AUD/USD pair pushed higher today extending the bullish sentiment started form May 9th. The pair surpassed the 61.8% Fibonacci retracement of latest April to May bearish run and surged to daily high at 0.7676. Having in mind that the pair failed to break above its daily high and directionless indicators on the four hour time frame,we might see again it around the support provided by 61.8% Fibo at 0.7660. On the other hand the upcoming session will bring Australia’s AIG Performance on Construction Index for May and the April trade balance figures, which are supposed to show goodish figures more likely will give the Aussie an additional boost. In this scenarion bulls will try to fight the 0.77 level which if broken will open doors for tesitng 0.7740.
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.