Technical analysis of AUD/USD for Feb 15, 2018

In a Daily Chart, since AUD/USD already breakout and close bellow the 0.7806 Support level the bias from this pair is Bearish this already confirmed too by the Divergence between the Stochastic with the price too. Although now Stochastic Oscillator now in an Oversold level and the price now will test their Support Become Resistance and the Fibonacci Resistance 38.2%-50%, as long as 0.8031 level not be breakout the AUD/USD still in a Bearish condition.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

About Arief Makmur

Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major: Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Single Man Interests: Trading In The Forex Market
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