Wednesday, AUD/USD trading instrument was extremely negative during the session, as a result, there was fixed its falling. However, worth saying that bulls had a real chance to change the trading direction prior to the American session start, but they didn’t! Summarizing the results it is clear that the pair has lost 176 points. The volatility rate reached 290 points. Open/Close-0.8647/0.8471. High/Low-0.8647/0.8357.
In a short term, the downtrend can be observed. It is approved by the main trends direction - SATL and STLM. But the thing is that all other lines are moving towards the bullish correction, which can bring good prices for entering the short positions. The distance between the lines at FTLM_STLM indicator is big enough, so in most cases it leads to the price movement towards STLM line – downwards in this case.
Conclusion: Presently, it would be better to look for sell inputs.
Recommendations: Buy above 0.8470, sell - below 0.8340. These recommendations are just my personal opinion, they do not galvanize into some actions (The analyst is not responsible for actions taken by a trader with these recommendations).
Support and Resistance within the trend line channel.
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In a mid term the indicators are signaling about the downside tendency which takes place now. It is shown by SATL and STLM main lines. Additionally, other indicators lines signal about possible pair downturn. Channels on RBCI indicators started expanding showing that the market volatility is moving up. Worth pointing out the fact that RBCI middle line turned towards the bullish side and stood in the descending channel that may prompt the instrument to the bullish correction or flat.
Conclusion: Presently, it is better to look for correctional purchases.
Recommendations: Buy the pair above 0.8470, sell – below 0.8340. These recommendations are just my personal opinion, they do not galvanize into some actions (The analyst is not responsible for actions taken by a trader with these recommendations).
Support and Resistance within the trend line channel, extremums of the last three days.
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In a long term the indicators demonstrate the down-going movement. It is testified by SATL and STLM lines which direct the lines of the indicators. FATL, FTLM and the middle RBCI line give a sign of a possible bearish movement of the instrument. The RBCI indicator channels are still narrowed that signals about low volatility. Worth mentioning the fact that at the chart the candle figure can be clearly seen as a “dark cloud cover”, the result of its formation has become the instrument drop. Besides, the drop is so strong that in case of the week ending is below the support level broken through by the price then the downtrend will remain for the next week.
Conclusion: For recovering the sales it is needed t o wait for the week closing.
Recommendations: Buy above 0.8470, sell - below 0.8340. These recommendations are just my personal opinion, they do not galvanize into some actions (The analyst is not responsible for actions taken by a trader with these recommendations).
Support and Resistance within the trend line channel, Fibo levels and extremums of the last three weeks.
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