FX.co - Technical Analysis and Trading Recommendations for the AUDUSD Currency Pair as of July 11, 2017

11 July 2017 at 8:29AM (UTC+0)

Long-term review

In the 4-hour chart, we can see the corrective movement where the pair reached the value of 0.7570, slowed down and moved in sideways.

Key Levels

Resistance - 0.7710 (+/- 20p);

Support - 0.7500;

Signals

- It is recommended to buy the pair at a price higher than 0.7630, with the target to move close to 0.7670 / 0.7710.

- Selling the pair is recommended and should be made at a price of 0.7600, with the target to move near 0.7575.

Technical Analysis and Trading Recommendations for the AUDUSD Currency Pair as of July 11, 2017

Pay attention: Forecasts are not a direct guide to action!

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Gven Podolsky

FX.co ★ Technical Analysis and Trading Recommendations for the AUDUSD Currency Pair as of July 11, 2017