Open trading account 
instrument is testing the moving average of Bollinger Bands. The indicator is directed downwards and the price range reduced insignificantly which indicates further correction. MACD histogram is in the negative zone keeping the sale signal. Stochastic is approaching the oversold zone and does not give a clear signal for opening positions.Long positions may be opened above the level of 0.7425 with targets at 0.7450, 0.7485 and stop-loss at 0.7310.
ImranMughal99's Blog
AUD/USD UP TREND NEXT MONTH
Charts: 1 HOUR,
The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…