Home Stock Market TRADING TIPS FOR AUD/USD (27.11.2020)

TRADING TIPS FOR AUD/USD (27.11.2020)

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Lengthy positions stay preferable within the present scenario.

A breakout of the native resistance stage 0.7410 (27-month highs) might be a sign for renewed AUD / USD progress in the direction of the resistance ranges 0.7500 (50% Fibonacci stage), 0.7980 (61.8% Fibonacci stage and the higher border of the ascending channel on the weekly chart).

Within the various situation, and after the breakdown of the help ranges 0.7326, 0.7243 (ЕМА200 on the 4-hour chart), the AUD / USD will resume falling in the direction of the help ranges 0.7037, 0.7020.

A sign for the implementation of this situation might be a breakdown of the short-term help stage 0.7361 (ЕМА200 on the 15-minute chart).

Assist ranges: 0.7361, 0.7340, 0.7326, 0.7243, 0.7210, 0.7085, 0.7037, 0.7020

Resistance ranges: 0.7410, 0.7500, 0.7850, 0.7980

Additionally see -> “Fundamental Analysis and Trading Recommendations”


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