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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.

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AUD/USD trading recommendations for 13th June 2016

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AUD/USD reached our profit target previously. Now we're bullish expecting a bounce up first before a further drop to 0.7325 (50% retracement and close to 62% retracement) along with key graphical support level. The RSI has broken the ascending support-turned-resistance line strongly, too, signalling further decline.

Trading recommendations:

Sell now and once more at 0.7410

Take profit at 0.7325

Stop loss at 0.7470

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