FX.co ★ Analysis of the currency pair AUD / USD by the method of Tic-Tac-Toe for July 12, 2017

Schedule "XO" step 0.50%:

On the senior chart, we observe an exclusively upward trend.

The pair is trading in an upward wave of the uptrend, which indicates the strength of buyers.

The relative strength index is in column "X", which also speaks of bull pressure.

Turning and overcoming the resistance level of 0.773 will signal a double top to buy.

The initial target for buyers will be the mark of 0.785, with the approach to which it is recommended to close 1/2 of the total volume of long positions.

The main target will be the resistance zone in the region of 0.80.

The point of the protective suspension is the minimum fluctuation of 0.753.

Trading recommendations:

Purchases are recommended only after overcoming the resistance level of 0.773.