50.0%-61.8% Correction Zone at AUD/USD

50.0%-61.8% Correction Zone at AUD/USD

There is an interesting technical pattern on the AUD/USD currency pair. The trading instrument has recouped most of the losses after a sharp decline at the beginning of this month. At the moment, the quotations are consolidating near 50.0%-61.8% of the correctional zone. The key range is 0.73350-0.73750. The positions must be opened from these marks.

If the price fixes above the local resistance of 0.73750, further recovery of the AUD/USD currency pair is expected. The closest target for profit taking is the 0.74250 mark. The movement is tending to 0.74600-0.74800.

Alternative option. If the price fixes below the 0.73350 mark, it is necessary to consider sales of AUD/USD. The immediate goal for fixing profits is the "mirror" support 0.72850. The target level of movement is 0.72400-0.72100.

Confirmations and entry points to the market should be looked for on lower timeframes. When tracking the position, we recommend using a trailing stop.

by JustMarkets, 2018.08.22

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Lengkok Fibonacci
Lengkok Fibonacci adalah satu alat analisis teknikal yang digunakan untuk meramalkan paras sokongan dan rintangan yang mungkin dengan memanfaatkan urutan Fibonacci.
Baca lagi
Apa Itu Gann Square?
Secara keseluruhan, Gann Square adalah alat unik dan rumit yang menawarkan pandangan mengenai trend pasaran dan pergerakan harga.
Baca lagi