FX.co ★ AUD/USD. The Friday's trading session turned out to be "senseless" for the speculators

AUD/USD trading instrument was shaking significantly during the session on Friday. Thus, the tendency was changing many times during the last trading day. Now bulls then bears were the leaders of the currency pair but none of them could not manage to control the situation more than 4 hours, the result was a senseless and sharp price movement. That is why all we can do is to make a conclusion - the pair fell again by 20 points. The volatility amounted to 110 points. Open/Close-0.8435/0.8415. High/Low-0.8512/0.8402.

In a short term prospect at present time the trend is up-going. The main trend lines SATL and STLM are looking forward the bull side where FTLM line and RBCI middle line are directed. The only thing that strings up in this situation is that the price stuck in the triangle which is depicted at the graph, its lines break through will open the way to the bulls or to bears.

Conclusion: Presently, we trade as soon as the price touches the nearest levels.

Recommendations: Buy above 0.8485, sell – below 0.8370. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).

Support and Resistance within the channel and trend lines.

Рис.№1
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In a mid term prospect the indicators signal about that the tendency can change from rising to falling. It is shown by a neutral direction of the main trend lines SATL and STLM, and the FTLM_STLM indicator lines location. Worth saying that FTLM line is turning to the bullish side confidently and the middle line RBCI is already placed to the downside channel that does not give the bears a chance to enter the market.

Conclusion: That is why in this situation it is needed to sell after the bullish correction of FTLM line and the middle line RBCI.

Recommendations: Buy above 0.8485, sell – bellow 0.8370. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).

Support and Resistance within the channel and trend lines.

Рис.№2
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In a long term trend the indicators are most likely to testify the uncertainty of its values. The prophetess-line STLM lies in a neutral plane as well other lines of other indicators giving a sign of the instrument's sideward movement. However, worth paying attention that the channels of RCBI indicator which started to widen that points us to the fact that the possibility of entering a long term prospect can emerge soon.

Conclusion: At this moment it is better to refrain from entering the market.

Recommendations: Buy above 0.8485, sell – below 0.8370. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).

Support and Resistance within the trend lines, Fibo levels and extremums of the last 3 weeks.

Рис.№3
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