MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

AUDUSD technical analysis for December 7, 2015

AUD/USD is still in an uptrend, but in the short-term we should expect a pullback towards the area of 0.7250-0.7230. A medium-term trend remains bullish as long as the price is above 0.7150.

AUDUSD.jpg

Blue line- resistance (broken)

Red line - support

The daily chart above shows the price above the Ichimoku cloud and above both the kijun- and tenkan-sen indicators. Support at 0.7150 is important one and bulls do not want to see this level broken. On the other hand, the stochastic oscillator is providing a bearish divergence signal, so a pullback towards 0.72 could be justified.

AUDUSD2.jpg

Short-term support is found at 0.7250-0.72. Now, it is not the time to be long, but it is preferred to wait to enter long at lower levels. Important short-term support is found at 0.7220. Resistance is seen at 0.7350.

The material has been provided by InstaForex Company - www.instaforex.com