DESCRIPTION:
This currency pair has already trapped between the 1.0250, as its support, and the 1.0325, as its resistance, the volatility of this currency has also decreased. As there is no clear trend for this pair, we better be careful trading the AUD/USD at this moment.
Recommendation :
BUY Stop (Pending Order) @ 1.0301.
Take Profit. @ 1.0315.
Stop Loss @ 1.0291
Alternative :
SELL Stop (Pending Order) @ 1.0249.
Take Profit @ 1.0235.
Stop Loss @ 1.0259.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Blog : blog.mt5.com/arief
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.