Open trading account 
Sulman's Blog
AUDUAD UP MOVE
AUD/USD has support at .7782 and MACD seems over extended. Hence, we expect a short-term bounce to .7842. Below .7782 to open .7980
AUDUSD DOWN TREND
Nagitive if breaks above 0.78The Pound traded higher for the second successive session in the last session to close at 0.8010 after making a high at 0.8065. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positioned at the 0…
AUDUSD
The AUD/USD pair closed lower for a fifth consecutive week, although losses moderated this past week, as the market seems to have fully priced in Central Banks' imbalances. After the RBA cut rates by surprise, on an unexpected fall in inflation during the first quarter of the year, speculative interest rushed to price in at least two additional rate cuts in Australia during the upcoming months, whilst the US is expected to provide two rate hikes before the year is over. The pair, however, mainta…
AUDUSD
AUD/USD retreated from a peak of 0.7259 and erased early gains, falling to the 0.7200 area before the downside was contained. However, despite the recent pullback the short-term technical picture remains overall bullish with indicators holding in positive ground in 4 hours chart and the pair well above a bullish 20-day SMA. In the shorter-term, AUD/USD has lost upward momentum as indicators hover around their mid-lines, leaving room for a deeper corrective movement over the next sessions.
AUDUSD
The AUDUSD pair advanced for a second straight session yesterday and closed at 0.7249, following a high at 0.7272. Daily MACD and RSI are trading flat above their midlines, while the stochastic is tranquil below it 50line, reflecting at neutral technical picture. 2H & 4H RSI and stochastic are pointing upwards, hinting at potential positivity over intraday. Key technical obstacle to be watched is situated at the 0.7200/10, followed by the 0.7307/10 and 0.7346/50 levels. A move back above the lat…
AUDUSD
The AUDUSD pair advanced in the previous session to close at 0.7337, after making a high at 0.7346. Daily MACD is trading in the negative territory while the RSI and stochastic are pointing south, reflecting a bearish technical picture. Upper Bollinger band crossover on the 2H and 4H charts along with the RSI and stochastic heading sharply lower hints that the pair is likely to witness correction on a short term basis. Immediate intraday support is located at the 4H 20SMA (currently placed at th…