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16:09 Forex Signals - Intraday Strategy for AUD / USD 13/05/10 | |
| A pair AUD / USD is trading within a neutral trend on the hourly chart. He shows that the rate of AUD / USD is trading above the moving average with period 55 on the hourly chart (the level of 0.8973), which in general contributes to the prices in the short run. I recommend to open long positions after the breakdown on the basis of hours of resistance at 0.8998 in order to increase the resistance level at 0.9016 and if it is the breakdown of 0.9032. Stoploss if this strategy can be placed at the level of 0.8975. I recommend open short positions in case of breakdown of support at 0.8966 on the basis of hours, with a view to reducing the support level at 0.8950 in the case of breakdown up to an hour for support at 0.8932. Stoploss if this strategy can be placed at the level of 0.8985. Given that 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 recommend to open positions up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures suggest await 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
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