MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

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.

Popular

Pages

Expert In

Name*


Message*

AUD/USD trades in uptrend mode

analytics612fb6a0db7a5.jpg

AUD/USD resumes its upward movement after jumping above the downtrend line. I have told you in my previous analysis that the pair could develop an upside reversal if it jumps and stabilizes above the downtrend line.

It has decreased within a down channel pattern, escaping from this formation which signaled that AUD/USD could develop important growth. It could increase as long as it stays above the uptrend line.

Trading Conclusion

AUD/USD has managed to stay above the downtrend line and above the 0.7305 level signaling further growth. The 0.7450 and 0.7500 are seen as near-term upside targets as long as the pair stays above the immediate uptrend line.

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