Divergence to AUD/USD

Divergence to AUD/USD

Technical analysis signals a possible correction of the AUD/USD currency pair after a significant decline over the past week. A classic reversal formation of the price and MACD histogram divergence (H1 timeframe) has been formed on the trading instrument. At the moment, the AUD/USD quotations are consolidating. The key trading range is 0.72100-0.72400. We recommend you to pay attention to this situation.

If the price fixes above the 0.72400 mark, you need to look for entry points in the market to open long positions. The closest target for fixing profit is the resistance level of 0.72800. The movement is tending to 0.73200-0.73500 (50.0%-61.8% correction zone). When tracking the position, we recommend using a trailing stop.

by JustForex, 2018.08.15

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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