empty
 
 
30.08.2019 11:37 AM
Technical analysis of AUD/CAD for August 30, 2019

This image is no longer relevant

Overview:

Pivot: 0.6764.

The AUD/USD pair is still trading below the major resistance (0.6764) which coincides with the golden ratio in the H1 chart. It continued to move downwards from the level of 0.6764 to the bottom around 0.6764.

Today, the first resistance level is seen at 0.6764 followed by 0.6852, while daily support 1 is seen at 0.6730. Furthermore, the moving average (100) starts signaling a downward trend; therefore, the market is indicating a bearish opportunity below 0.6764.

So it will be good to sell at 0.6764 with the first target of 0.6730. It will also call for a downtrend in order to continue towards 0.6679 with a view to test the double bottom. In the H1 time frame, the pair will probably go down because the downtrend is still strong.

Consequently, the market is likely to show signs of a bearish trend. Additionally, the RSI starts signaling a downward trend.

As a result, if the AUD/USD pair is able to break out the first support at 0.6764, the market will decline further to objectives of 0.6730 and 0.6679.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback