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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 analysis for November 05, 2018

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Recently, the AUD/USD pair has been trading sideways at the price of 0.7195. Anyway, according to the M15 time – frame, I have found a potential end of the upward correction (regular flat abc), which is a sign that buying looks risky. The short- term trend is bearish and my advice is to watch for selling opportunities. The downward targets are set at the price of 0.7182 and at the price of 0.7122.

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