Forex trading signals and analysis for AUDUSD – 17 Jul 2014

Forex trading signals and analysis for AUDUSD – 17 Jul 2014

Analysis:

AUDUSD continue to move lower as expected but more slowly and the market show downside rejection at support level of 0.93 – 0.9320.

Aussie dollar trading range is getting smaller and with upside limited at 0.9420. Our view on AUDUSD is still bearish in short term, and 0.9320 – 0.930 will likely be broken soon.

Screenshot 2014-07-17 09.46.49

Forex Trading Signal:

We are looking for sell signals to short Aussie dollar again at around 0.9400 – 0.9420

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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