empty
 
 
02.10.2018 10:42 AM
AUD/USD analysis for October 02, 2018

This image is no longer relevant

Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7171. According to the H1 time – frame, I found the end of the upward correction (irregular type 2) in the background, which is a sign that sellers are in control. I also found the breakout of the key support trendline in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 0.7143 and at the price of 0.7086.

Trading recommendations for today: watch for potential selling opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $5000 more!
    In November we raffle $5000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback