Forex trading signals and analysis for AUDUSD – 11 Jul 2014

Forex trading signals and analysis for AUDUSD – 11 Jul 2014

Analysis:

0.95 has officially become a top for AUDUSD, Australian employment and Chinese trade balance data push more pressure on the downside for AUDUSD. The market formed a reversal signal at 0.9450 as expected.

We expect aussie dollar will continue to move lower today with 0.9450 – 0.95 will be the key resistant zone and 0.93 will be the support level.

Screenshot 2014-07-11 07.38.26

Forex Trading Signal:

We will look for opportunities to joint the down trend at market price and longer stop or wait for selling signals at early European trading session.

Resistant zone:

-0.9500 –  0.9540

-0.9440 – 0.94650

-0.9380 – 0.940

Support zone:

-0.930 – 0.9320

-0.9260

-0.92

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