Friday, February 16, 2018

AUDUSD Outlook and Forecast

AUD / USD: Outlook and Forecast

Current trend


Thursday Course pair AUD / USD has not shown serious
dynamics. The volatility was slightly more than 50 points. Growth,
which showed the Australian dollar in the morning on the background
negative data on US GDP was offset by a decrease in the second half
day. According to published reports, US GDP growth for the first quarter
, slowed down to 0.2%. Under these conditions, the Federal Open Market Committee adopted
decision to leave the interest rate unchanged at 0.25%.


Today, investors are also waiting for the publication of an economic unit
Statistics from the United States. Will be released March data on personal income and spending
citizens, as well as the number of primary and secondary applications for allowance
unemployment.


levels of support and
resistance


On the four-hour chart MACD histogram is in
the positive zone, but its volume is gradually reduced, indicating that the
a slight decrease in activity of buyers. Currently, the price is in
District January highs, and in order to go higher, it needs
serious fundamental drivers, which in the near future is foreseen.
Probably, we will have a correction. Bollinger bands also indicate
the possibility of corrective movement down to the area of ​​the moving average 0.7920.


Resistance levels: 0.8030, 0.8075, 0.8136.


Support levels: 0.7975, 0.7950, 0.7895, 0.7865.


trading recommendations


Positions open for sale at the current price to the nearest
the aim in the area of ​​0.7950. From this level, the fall may continue to mark
0.7895.

AUDUSD30


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