AUD/USD: the pair is trading in the flat 20.12.2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
Australian dollar showed moderate growth against US dollar during yesterday’s trading but then moved back to the opening level in view of the release of optimistic macroeconomic data from the USA.
According to the US Department of Trade, the number of new houses in November grew by 3.3% against the outlook of reduction by 3.7%. In October growth made up 13.7%. The number of issued construction permits in November reduced by 1.4% which was much better than expected by analysts (-4.9%). The total volume of started housing constructions in November grew to 1.297 mln units which is the biggest value since October 2016.
During today’s morning session the pair is still showing mixed dynamics of trades. Investors are waiting for the occurrence of new market drivers, but on Wednesday the macroeconomic calendar is relatively empty, therefore no considerable growth of activity is expected.
Support and resistance
Bollinger Bands in D1 chart show moderate growth. The price range is widening from above. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic has reversed downwards.
Resistance levels: 0.7678, 0.7693, 0.7728.
Support levels: 0.7652, 0.7636, 0.7625, 0.7606.
Trading tips
Long positions may be opened after the movement of the instrument from the level of 0.7636 with targets at 0.7693, 0.7700 and stop-loss at 0.7600. The period of implementation is 2 days.
Breaking down the levels of 0.7636, 0.7625 may be a signal for further sales with targets at 0.7586, 0.7566 and stop-loss at 0.7652, 0.7665. The period of implementation is 2-3 days.
Use more opportunities of the NPBFX analytical portal: e-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
Australian dollar showed moderate growth against US dollar during yesterday’s trading but then moved back to the opening level in view of the release of optimistic macroeconomic data from the USA.
According to the US Department of Trade, the number of new houses in November grew by 3.3% against the outlook of reduction by 3.7%. In October growth made up 13.7%. The number of issued construction permits in November reduced by 1.4% which was much better than expected by analysts (-4.9%). The total volume of started housing constructions in November grew to 1.297 mln units which is the biggest value since October 2016.
During today’s morning session the pair is still showing mixed dynamics of trades. Investors are waiting for the occurrence of new market drivers, but on Wednesday the macroeconomic calendar is relatively empty, therefore no considerable growth of activity is expected.
Support and resistance
Bollinger Bands in D1 chart show moderate growth. The price range is widening from above. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic has reversed downwards.
Resistance levels: 0.7678, 0.7693, 0.7728.
Support levels: 0.7652, 0.7636, 0.7625, 0.7606.
![5-6.jpg](/forum/proxy.php?image=http%3A%2F%2Fbusinesspr-finance.com%2Fwp-content%2Fuploads%2F2017%2F12%2F5-6.jpg&hash=23c572b763c572cff42f4e8403000f88)
![6-6.jpg](/forum/proxy.php?image=http%3A%2F%2Fbusinesspr-finance.com%2Fwp-content%2Fuploads%2F2017%2F12%2F6-6.jpg&hash=abfe7236abea98aacc9bbeb19befeb25)
Trading tips
Long positions may be opened after the movement of the instrument from the level of 0.7636 with targets at 0.7693, 0.7700 and stop-loss at 0.7600. The period of implementation is 2 days.
Breaking down the levels of 0.7636, 0.7625 may be a signal for further sales with targets at 0.7586, 0.7566 and stop-loss at 0.7652, 0.7665. The period of implementation is 2-3 days.
Use more opportunities of the NPBFX analytical portal: e-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.