AUD/USD: TRADING RECOMMENDATIONS – Analytics & Forecasts – 2 August 2021

A break of the important thing help stage of 0.7335 might lastly push the pair right into a bear market. On this case, the breakdown of the help stage 0.7295 will solely be a affirmation sign for such a situation.

In another situation, the primary sign for a reversal and resumption of the uptrend can be a breakdown of the resistance stage 0.7372.

Nevertheless, solely a convincing rise to the zone above the resistance ranges of 0.7510, 0.7560 will point out the resumption of the long-term upward dynamics of AUD / USD.

Brief positions are most well-liked (see additionally  “Fundamental Analysis and Recommendations”)

Trading Recommendations

Promote by market, Promote-Cease 0.7325. Cease-Loss 0.7415. Take-Revenue 0.7300, 0.7295, 0.7200, 0.7100, 0.7040

Purchase Cease 0.7415. Cease-Loss 0.7325. Take-Revenue 0.7466, 0.7510, 0.7560, 0.7775, 0.7815, 0.7835, 0.7885, 0.8000, 0.8160, 0.8200

*) AUD/USD Current Fundamental Analysis and Market Expectations

**) essentially the most up-to-date “sizzling” analytics and buying and selling suggestions (together with entries into trades “by-the-market”) –

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