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Forex Signals - Intraday Strategy for AUD / USD 03/09/10

A pair AUD / USD traded within a neutral trend in the hourly chart. It shows that the rate of AUD / USD is trading above the moving average with period 55 per hour chart (the level of 0.9091), which generally contributes to the prices in the short term.

I recommend to open long positions after the breakdown of the results of hours of resistance at 0.9119 in order to increase the resistance level at 0.9155 in the case of the breakdown of 0.9192. Stoploss if this strategy can be placed at the level of 0.9050.

I recommend to open short positions in case of breakdown of support at 0.9029 on the basis of hours, with the aim of reducing the support level at 0.8979 in the case of breakdown up to an hour for support at 0.8946. Stoploss if this strategy can be placed at the level of 0.9078.

Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also would recommend to open positions up to an hour to avoid false breakouts.

If a strong motion during the breakthrough technical figures, I recommend to wait for the correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown.

Analyst "Forex Analytics" Alex Sedyshev