Antony_NPBFX
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AUD/USD: the pair is showing minor growth 04.09.2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
AUD is growing during the morning session on September 4 after the update of a local maximum dated back to August 30 in the end of the previous week. The instrument is supported by the weakness of the US currency that is experiencing pressure again due to the tightening of the geopolitical situation around North Korea.
Macroeconomic statistics released in Australia on Monday has mixed influence on the pair. TD Securities inflation data in August showed growth by 0.1% MoM and 2.6% YoY which practically meets the data for the previous period. The indicator of income from main activities of companies in Q2 2017 dropped by 4.5% in quarterly terms after earlier growth by 6.0%. Investors expected it to dectease by 4.0% on the quarterly basis.
Trading activity on Monday will be reduced as the US markets will be closed on Monday due to the Labor Day. Investors will focus on the release of RBA minutes on Tuesday, September 5, at 06:30 (GMT+2).
Support and resistance
Bollinger Bands in D1 chart demonstrate slight growth. The price range remains quite unchanged and quite limited. MACD histogram is slightly growing keeping a weak buy signal (and remaining above the signal line). Stochastic is growing, approaching the border of the overbought zone once again.
Resistance levels: 0.7978, 0.7994, 0.8012, 0.8041.
Support levels: 0.7949, 0.7917, 0.7889, 0.7865.
Trading tips
Long positions may be opened after the outbreak of the levels 0.7978 or 0.7994 with targets at 0.8040, 0.8060 and top-loss at 0.7950. The period of implementation is 2-3 days.
Alternatively, short positions may be opened after breaking down the level of 0.7949 with target at 0.7889 and stop-loss at 0.7978. The period of implementation is 2-3 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
AUD is growing during the morning session on September 4 after the update of a local maximum dated back to August 30 in the end of the previous week. The instrument is supported by the weakness of the US currency that is experiencing pressure again due to the tightening of the geopolitical situation around North Korea.
Macroeconomic statistics released in Australia on Monday has mixed influence on the pair. TD Securities inflation data in August showed growth by 0.1% MoM and 2.6% YoY which practically meets the data for the previous period. The indicator of income from main activities of companies in Q2 2017 dropped by 4.5% in quarterly terms after earlier growth by 6.0%. Investors expected it to dectease by 4.0% on the quarterly basis.
Trading activity on Monday will be reduced as the US markets will be closed on Monday due to the Labor Day. Investors will focus on the release of RBA minutes on Tuesday, September 5, at 06:30 (GMT+2).
Support and resistance
Bollinger Bands in D1 chart demonstrate slight growth. The price range remains quite unchanged and quite limited. MACD histogram is slightly growing keeping a weak buy signal (and remaining above the signal line). Stochastic is growing, approaching the border of the overbought zone once again.
Resistance levels: 0.7978, 0.7994, 0.8012, 0.8041.
Support levels: 0.7949, 0.7917, 0.7889, 0.7865.
Trading tips
Long positions may be opened after the outbreak of the levels 0.7978 or 0.7994 with targets at 0.8040, 0.8060 and top-loss at 0.7950. The period of implementation is 2-3 days.
Alternatively, short positions may be opened after breaking down the level of 0.7949 with target at 0.7889 and stop-loss at 0.7978. The period of implementation is 2-3 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.