FUND Buy 22.08.2019 08:37
AUD/USD: the pair is trading in both directions
The Australian dollar showed ambiguous dynamics on Wednesday, but today returned to an active decline. AUD is pressured by published macroeconomic statistics from Australia. Commonwealth Bank’s Services PMI fell in August from 52.3 to 49.2 points, with an expected decline to 51.8 points.
TECH Buy 21.08.2019 08:23
AUD/USD: wave analysis
The pair may grow.
On the 4-hour chart, the wave b of 2 formed. Now, the development of the wave c of 2 is beginning, within which the first entry wave of the lower level i of (i) of c and the correction ii of (i) have formed. If the assumption is correct, the pair will grow to the levels of 0.7080–0.7205. In this scenario, critical stop loss level is 0.6674.
TECH Sell 19.08.2019 12:30
AUD/USD: technical analysis
On the 4-hour chart, the pair is trading in the lower Bollinger band. The price remains below its moving averages that are directed down. The RSI is testing from above its longer MA. The Composite is breaking down its longer MA.
FUND Sell 15.08.2019 11:37
AUD/USD: general review
Yesterday, the AUD/USD pair was corrected downwards against the 17-years worst data on Chinese industrial production. In July, it fell from 6.3% to 4.8% and put pressure on commodity currencies, including AUD. However, today, the price grew due to strong July Australian labor market data.
FUND Sell 14.08.2019 14:07
AUD/USD: downward dynamics will increase
The AUD/USD pair trades within a downward trend in a wide downward channel. After a protracted upward correction in late June and early July, it began to decline again. In late July and early August, the instrument fell by more than 400 points, testing a new local minimum of 0.6680 in the middle of last trading week.