Forex trading signals and analysis for AUDUSD – 24 Sep 2014

Forex trading signals and analysis for AUDUSD – 24 Sep 2014

Analysis:

Aussie dollar continued its free fall this week and there is no sign of recovery yet, short term and medium term supports broken easily, even a short term retracements were also very limited, mainly due to correction of US dollar.

It will not be surprised if AUDUSD continued to move down further today. The sell side is totally controlling the price and the bearish momentum is very strong now.

The next key support for Aussie dollar is 0.8660, we hope to see some recovery at this zone.

AUDUSDWeekly - 24 Sep 2014

Forex Trading Signal:

We will watch for signals to short Aussie to trade in line with current momentum and it is  safer to sell around 0.8900.

Resistant zone:

-0.91

-0.90

-0.8900-89200

Support zone:

-0.8660

 ForexSignals247.

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