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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.



Expert In



AUD/USD is tring to reach 0.7134 on July 27, 2020.


If we look at the 4-hour chart, we see that AUD/USD is trying to reach 0.7134 as the first target and 0.7184 as the second target. This scenario has been already confirmed as the price is moving above the Moving Average as the dynamic support level. Besides, the Stochastic Oscillator is already moving above the 20-period moving average (the oversold level). Please pay attention to the 0.7065 level. As long as AUD/USD does not retrace and closes below this level, the upward movement from this pair still safe.

The overall bias of AUD/USD now is bullish.


The material has been provided by InstaForex Company -