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AUD/USD: technical analysis 26.09.2019

Current trend

AUD/USD quotes attempted to grow, but reaching 0.67639 mark moved to a decline. If the current trend maintains the pair will retested the support level 0.67444 (Murray [5/8]). A significant decrease is possible after the breakdown of the level 0.67385. In this case, the next targets of sellers will be the level of 0.67280-0.67139 (Murray [4/8]). One may speak about upward movement continuation after the price consolidates above the reistance level of 0.67749 (Murray [6/8]), which is the middle line of Bollinger bands. In this case the buyers will aim for the 0.67866-0.68054 (Murray [7/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.67444, 0.67385, 0.67139.

Resistance levels: 0.67749, 0.67866, 0.68054.

Trading recommendations

Long positions can be opened above the level of 0.67749 with the target at around 0.67866-0.68054 and stop-loss 0.67649.

Short positions can be opened below the level of 0.67385 with the target at around 0.67139 and stop-loss 0.67467.

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