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[Antony_NPBFX]

NZD/USD: New Zealand dollar develops corrective growth 15.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on NZD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The New Zealand currency is showing moderate gains against the US dollar during the Asian session and is developing a corrective uptrend that formed at the end of last week. On Friday, November 12, the instrument managed to move away from local minimums, which was the result of closing most of the long positions in the US currency before the weekend.

The choice of investors was influenced by macroeconomic statistics. Thus, American traders reacted negatively to the unexpected decrease in the consumer confidence index from the University of Michigan in November from 71.7 to 66.8 points. In turn, the index of business activity in the manufacturing sector of New Zealand in October rose from 51.4 to 54.3 points, which was better than the average forecasts of experts.

A noticeable support for the instrument at the beginning of the week is provided by the optimistic sentiment of China. The volume of retail sales in the country in October increased by 4.9% YoY after growing by 4.4% YoY last month (although analysts expected the indicator to slow down to 3.5% YoY), and the pace of industrial production accelerated from the previous +3.1% YoY to +3.5% YoY — that turned out to be better than the market forecasts of +3.0% YoY.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding from below; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD indicator is declining and maintaining a strong sell signal (the histogram is below the signal line), Stochastic shows a corrective upward reversal and is located near its minimum values, which signals that the instrument is oversold in the ultra-short term.

Resistance levels: 0.7071, 0.7100, 0.7150, 0.7200.
Support levels: 0.7040, 0.7000, 0.6950, 0.6900.

Trading tips

To open long positions, one can rely on the breakout of 0.7071. Take-profit – 0.7150. Stop-loss – 0.7030. Implementation period: 1-2 days.

A rebound from 0.7071 as from resistance, followed by a breakdown of 0.7040 may become a signal for new sales with the target at 0.6950. Stop loss – 0.7080.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: the American currency is returning to local highs since the beginning of October 17.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading.

Current trend

The US dollar has shown slight gains against the Canadian currency during the Asian session, building on the "bullish" momentum that had formed the day before. A noticeable support to USD yesterday was provided by confident statistics from the US on the dynamics of retail sales. In October, sales volumes increased by 1.7% MoM after increasing by 0.8% MoM in September. Market forecasts assumed an increase of only 1.4% MoM. Retail Sales Control Group accelerated over the same period from +0.5% MoM to +1.6% MoM, also outperforming forecasts of +0.9% MoM.

Investors today are focused on the Canadian statistics on inflation for October. The Consumer Price Index is expected to accelerate from +0.2% MoM to +0.7% MoM and from +4.4% YoY to +4.7% YoY. If analysts' expectations are justified or the real dynamics turns out to be higher, the Bank of Canada may receive an additional signal for further tightening of monetary policy.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly expanding from above, remaining spacious enough for the current activity level in the market. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic, having slightly retreated from the level of "80" is again reversing into a horizontal plane, reacting to the renewed growth of the US currency.

Resistance levels: 1.2600, 1.2650, 1.2700, 1.2746.
Support levels: 1.2558, 1.2500, 1.2450, 1.2400.

Trading tips

To open long positions, one can rely on the breakout of 1.2600. Take-profit – 1.2700. Stop-loss – 1.2558. Implementation time: 1-2 days.

A rebound from 1.2600 as from resistance, followed by a breakdown of 1.2558 may become a signal for new sales with the target at 1.2450. Stop-loss – 1.2610.

Use more opportunities of the NPBFX analytical portal: economic calendar

Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the dollar resumed growth at the end of the week 19.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

The US dollar shows a slight increase against the Japanese yen in trading in Asia, building on the "bullish" momentum that formed the day before. USD/JPY is trying to recover from a sharp decline on Wednesday, when the US currency retreated from its record highs amid growing concerns about the further maintenance of the US Fed's monetary policy.

Investors today are focused on the statistics on consumer inflation in Japan for October. The National Consumer Price Index rose only 0.1% YoY after rising 0.2% YoY in September. Analysts had expected growth by 0.5% YoY. The National Consumer Price Index excluding Food and Energy strengthened by 0.4% YoY over the same period after falling by 0.5% YoY in the previous period. Analytical forecasts assumed a decline of 0.6% YoY.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly expanded from above, remaining spacious enough for the current activity level in the market. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic demonstrates a noticeably more active decline and practically does not react to the instrument's attempt to grow at the end of the week.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 114.50, 115.00, 115.50, 116.00.
Support levels: 114.00, 113.50, 113.00, 112.50.

Trading tips

To open long positions, one can rely on the breakout of 114.50. Take-profit – 115.50. Stop-loss – 114.00. Implementation time: 2-3 days.

A rebound from 114.50 as from resistance followed by a breakdown of 114.00 may become a signal for new sales with the target at 113.00. Stop-loss – 114.50.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: the pound is consolidating at 1.3440 22.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The British pound is trading lower against the US dollar during the morning session, consolidating near 1.3440. At the end of last week, GBP/USD showed a rather active decline, which was associated with the flight of investors from risky assets. The market reacted negatively to the announcement by the Austrian authorities of a national quarantine in response to a sharp increase in the incidence in the country. Traders fear that similar measures will be taken by other European countries, which will have an extremely negative impact on the pace of economic recovery in the region. Moreover, it only strengthens the belief that the European Central Bank (ECB) and the Bank of England can abandon the idea of an imminent monetary tightening. Many expect an increase in interest rates from the British regulator in December.

As for the macroeconomic statistics, it continues to provide moderate support to the British currency. Friday's data showed a noticeable 0.8% MoM increase in Retail Sales in October after a flat performance in September. Analysts had expected growth by only 0.5% MoM. On an annualized basis, sales plunged 1.3% YoY after falling 0.6% YoY a month earlier. Experts predicted a 2% YoY decline in sales.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is actively narrowing, reacting to the emergence of multidirectional dynamics in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic is showing a downward reversal near its highs, indicating a moderately overbought British currency in the ultra-short term.

Resistance levels: 1.3450, 1.3500, 1.3550, 1.3600.
Support levels: 1.3400, 1.3350, 1.3300, 1.3250.

Trading tips

To open long positions, one can rely on the breakout of 1.3500. Take-profit – 1.3600. Stop-loss – 1.3450. Implementation time: 2-3 days.

The breakdown of 1.3400 may serve as a signal to new sales with the target at 1.3300. Stop-loss – 1.3450.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: the pound develops corrective decline 24.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The British pound is trading lower against the US currency during the morning session, being under pressure since last Friday. The pound finds nothing to counter the rising dollar, despite some very optimistic evidence of the strength of the UK economy. In particular, yesterday investors reacted to the publication of statistics on business activity. In the manufacturing sector, activity in the UK in November rose from 57.8 to 58.2 points, ahead of forecasts of a decline to 57.3 points. Services PMI, in turn, slightly decreased from 59.1 to 58.6 points, but remains at quite acceptable levels.

Positive statistics from the UK allows us to maintain expectations regarding further tightening of monetary policy by the Bank of England. Markets expect the British regulator to make a decision on this matter already at the December meeting.

Investors are focused on macroeconomic statistics from the USA today. Among the most important indicators are the dynamics of durable goods orders in November, annual GDP data for Q3 2021 and statistics on personal income and expenses of American citizens for October.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range expands from below, making way for new local lows for the "bears". MACD is declining keeping a weak sell signal (located below the signal line). Stochastic keeps a downward direction but is already approaching its lows, which indicates the risks of oversold GBP in the ultra-short term.

Resistance levels: 1.3400, 1.3450, 1.3500, 1.3550.
Support levels: 1.3341, 1.3300, 1.3250, 1.3200.

Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3341 with the subsequent breakout of 1.3400. Take-profit – 1.3500. Stop-loss – 1.3341. Implementation time: 2-3 days.

The breakdown of 1.3341 may serve as a signal for new sales with the target at 1.3250. Stop-loss – 1.3400.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: Australian dollar renews local lows 26.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The Australian dollar is showing a steady decline during the Asian session, updating local lows since the end of August and testing 0.7140 for a breakdown.

The instrument is still under pressure after the release of a large block of macroeconomic statistics from the US last Wednesday. Among other things, the data reflected a sharp decline in the number of Initial Jobless Claims from 270K to a new record low of 199K. Analysts' forecasts assumed a reduction to 260K. The dynamics of Personal Income and Spending of American citizens in October were also positive.

In general, the recovery of the American economy exceeded expectations, and therefore the US Fed may accelerate the reduction of the current quantitative easing (QE) program and move faster to the cycle of raising the interest rate.

Today, the instrument almost completely ignores the strong statistics from Australia. October Retail Sales data in Australia showed an increase of 4.9% MoM after increasing 1.3% MoM in September. Analysts had expected growth of 2.5% MoM.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic has been near its lows for a long time, indicating the risks of the Australian dollar being oversold in the ultra-short term.

Resistance levels: 0.7160, 0.7200, 0.7250, 0.7300.
Support levels: 0.7100, 0.7050, 0.7000.

Trading tips

To open short positions, one can rely on the breakdown of 0.7100. Take-profit – 0.7000. Stop-loss – 0.7160. Implementation time: 1-2 days.

A rebound from 0.7100 as from support followed by a breakout of 0.7160 may become a signal for new purchases with the target at 0.7250. Stop-loss – 0.7100.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on AUD/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/CHF, USD/JPY. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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.

 

[Antony_NPBFX]

USD/JPY: volatile dynamics on the news of a new strain 29.11.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

The US dollar is showing mixed dynamics against the Japanese yen during trading in Asia, consolidating near 113.50. At the end of last week, the instrument showed a sharp decline, quickly retreating from its record highs, which became the market's reaction to the discovery of a new, Omicron, strain of coronavirus, which threatens the fragile process of global economic recovery. The World Health Organization (WHO) noted that the virus has undergone changes "of relevance to global public health".

Moderate support for the yen, in turn, was provided by Friday's data on consumer prices in Japan. In November, Tokyo Consumer Price Index rose 0.5% MoM, accelerating from 0.1% MoM growth in October. At the beginning of the new week, buying activity on the yen is supported by upbeat data from Japan on retail sales. In September, sales increased by 1.1% MoM and 0.9% YoY, which turned out to be better than forecasts, since in monthly terms the markets expected a decline in indicators by 1.6% MoM.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD in the ultra-short term.

Resistance levels: 114.00, 114.50, 115.00, 115.50.
Support levels: 113.50, 113.00, 112.50, 112.06.

Trading tips

To open long positions, one can rely on the breakout of 114.00 with the target at 115.00. Stop-loss – 113.50. Implementation time: 1-2 days.

The development of "bearish" trend with the breakdown of 113.00 may become a signal for further sales with target at 112.06. Stop-loss – 113.50.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: pound recovers testing 1.3320 01.12.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The British pound is growing against the US dollar during the morning session, trying to consolidate above 1.3320.

The day before, GBP/USD showed active, but ambiguous trading dynamics, briefly renewing record lows since the end of December 2020. The pressure on the British currency was again exerted by traders' fears about the spread of the new Omicron coronavirus strain. Pharmaceutical companies officials said existing vaccines may show reduced efficacy with a new virus mutation. The market reacted immediately to this data, and given the already extremely low demand for risk, the pound renewed its record lows. Investors also fear that the threat of new restrictions will catalyze a change in the position of the Bank of England on a possible tightening of monetary policy in December. The British regulator is unlikely to completely correct its course, but it may well take a pause for several months until the situation is clarified.

Today, investors will be focused on the speech of the Governor of the Bank of England, Andrew Bailey, who, most likely, will reveal the regulator's plans in the light of new epidemiological shocks.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding, making way to new record lows for the "bears". MACD indicator is trying to reverse upwards and form a new buy signal (the histogram has to consolidate above the signal line). Stochastic demonstrates a similar dynamics, signaling in favor of the development of the uptrend in the nearest future.

Resistance levels: 1.3350, 1.3400, 1.3450, 1.3500.
Support levels: 1.3300, 1.3250, 1.3200, 1.3150.

Trading tips

To open long positions, one can rely on the breakout of 1.3350 with the target at 1.3450. Stop-loss – 1.3300. Implementation time: 1-2 days.

A rebound from 1.3350 as from resistance followed by a breakdown of 1.3300 may become a signal for new sales with the target at 1.3200. Stop-loss — 1.3350.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: USD is trying to recover 03.12.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading.

Current trend

The American currency is showing weak gains against the Swiss franc during the Asian session, recovering from local lows since November 10, updated last Tuesday. Market participants expect the November US labor market report to enter the market, which should clarify the outlook for the US Fed's monetary policy. The Chairman of the regulator Jerome Powell agreed with the arguments of the market about the threats of inflationary pressure, noting that to stabilize the situation, officials may have to resort to additional measures. In particular, the market is counting on a possible acceleration in the pace of reduction of the quantitative easing program, after which the US Fed is likely to move to raising the interest rate.

The American macroeconomic statistics published yesterday turned out to be ambiguous. Investors reacted rather restrainedly to the increase in the number of initial jobless claims for the week ended November 26 from 194K to 222K. At the same time, the real dynamics turned out to be 18K better than market expectations. Continuing jobless claims for the first time in a long time fell below the psychological mark of 2M to 1.956M.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing into a descending plane. The price range is expanding from below, remaining spacious enough for the current activity level in the market. MACD is going down preserving a rather stable sell signal (located below the signal line). Stochastic, having rebounded from the lows in the middle of the week, maintains an uptrend, signaling in favor of corrective growth in the nearest time intervals.

Resistance levels: 0.9200, 0.9220, 0.9250, 0.9272.
Support levels: 0.9175, 0.9150, 0.9100, 0.9073.

Trading tips

To open long positions, one can rely on the breakout of 0.9220 with the target at 0.9272. Stop-loss – 0.9190. Implementation time: 2-3 days.

A rebound from 0.9220 as from resistance followed by a breakdown of 0.9200 may become a signal for new sales with the target at 0.9150. Stop-loss – 0.9220.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the instrument is trying to consolidate above 0.7000 06.12.2021

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The national currency of Australia shows moderate corrective gains against the US dollar during the Asian session, recovering from a noticeable decline last Friday, when AUD/USD hit record lows since early November 2020. Pressure on the instrument's position is still exerted by the fact of investor distrust of risky assets amid the emergence of information regarding the spread of the new Omicron coronavirus strain.

In addition, the surge in "bearish" activity was caused by the release of a controversial report on the US labor market. In November, the American economy failed to meet high expectations for growth in the labor market and demonstrated the creation of only 210K new jobs outside the agricultural sector, while analysts' forecasts assumed an increase of 550K. At the same time, the Unemployment Rate, which collapsed from 4.6% to 4.2%, supported the market's confidence that the US Fed will nevertheless accelerate in terms of reducing existing incentives and move faster to raising interest rates.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic reversed back to the downside at the end of last week, but is located in the immediate vicinity of its zero values, indicating the risks of the oversold Australian dollar in the ultra-short term.

Resistance levels: 0.7050, 0.7100, 0.7160, 0.7200.
Support levels: 0.7000, 0.6950, 0.6900.

Trading tips

To open long positions, one can rely on the rebound from the support level of 0.7000 with the subsequent breakout of 0.7050 with the target at 0.7160. Stop-loss – 0.7000. Implementation time: 2-3 days.

The breakdown of 0.7000 may serve as a signal for new sales with the target at 0.6900. Stop-loss — 0.7050.

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.