Main » 2012 » January » 27 » Forex Signals - intraday outlook for AUD / USD on 27/01/2012
16:40 Forex Signals - intraday outlook for AUD / USD on 27/01/2012 | |
| The AUD / USD traded in an uptrend on the hourly chart. It shows that the rate of AUD / USD is trading above the moving average with a period of 55 on the hourly chart (level 1.0602), which generally contributes to increase the price in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.0683 in order to increase the resistance level at 1.0726 and in case of breakdown to 1.0759. Stoploss for this strategy can be placed at 1.0638. I recommend to open short positions in case of breakdown of support at 1.0572 on the basis of hours, in order to reduce to the support at 1.0537 and in case of breakdown up to an hour to the support at 1.0495. Stoploss for this strategy can be placed at 1.0627. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Alex Sedyshev, a portal "Forex Analysis" - signals, forecasts
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