New York ,
Sydney ,
Tokyo ,
London ,

Further pressure


The Australian Dollar versus the American Dollar hit the lowest price of 0.7344 since May 2017, as prices recorded five losing daily sessions in a row.

Technical Comment: AUDUSD trades today below the resistance zone of 0.7410-0.7450, it may push the pair to form a bearish momentum towards 0.7285 - 0.7175.

Comment on the Previous Analysis: Recorded Expected Targets 0.7560 - 0.7420

Expected Daily Trend: Bullish above 0.7410-0.7450.


Important Levels:

Support: 0.7285 - 0.7200 - 0.7175

Resistance: 0.7410 - 0.7450 - 0.7500

Risk Warning: Forex and CFDs are leveraged products which carry a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risk involved. You should ensure you understand all of the risks and seek independent advice if necessary.
COPYRIGHT© 2017 - True Forex Limited. ALL RIGHTS