AUD / USD

Last Friday, the AUD / USD pair fell by 13 points under the influence of the strengthening of the US dollar index by 0.12%. The price level of 0.7440 was strong enough and being under the developing pressure of the triple divergence now, the price will fall to the nearest support of 0.7340. Fixing below the level opens the second goal along the Kruzenshtern line in the area of 0.7255. More precisely, the target range will be at 0.7222 / 55.

analytics5fcd974192aed.jpg

Based on the four-hour scale, the overall situation is still in upward trend movement. But, there are about 30 points left before the signal line of the Marlin oscillator moves to the negative area. This distance coincides with the Kruzenshtern line at 0.7400. Synchronous price transition under the Kruzenshtern line and Marlin’s departure to the negative zone will strengthen the downward potential.

analytics5fcd974eb767e.jpg

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.