forex.pm forex forum binary options trade - Forex - AUD/USD seeks breakout towards 0.7000 on softer dollar
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

AUD/USD seeks breakout towards 0.7000 on softer dollar

Started by forex4you, Jan 09, 2023, 01:04 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

AUD/USD seeks breakout towards 0.7000 on softer dollar

<p style="" class="text-align-justify">The dollar is continuing to fall to start European morning trade, with AUD/USD up over 1% on the day now to 0.6945. The pair is seeking a breakout to the upside after breaking through key resistance levels last week. The Friday jump saw price move above both the key trendline resistance (white line) from June last year as well as the 200-day moving average (blue line).</p><p style="" class="text-align-justify">That is seeing buyers gather added momentum for the next upside leg, taking control of the bias - turning it to be more bullish now.</p><p style="" class="text-align-justify">The first target is the 0.7000 mark, with offers layered as the figure level will also act as a psychological barrier for the pair. Above that, the second target for buyers will be the August highs at 0.7125-36 next.</p>

                This article was written by Justin Low at www.forexlive.com.

Source: AUD/USD seeks breakout towards 0.7000 on softer dollar

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com