22:04Forex Signals - Intraday Strategy for AUD / USD 16/04/10
|A pair AUD / USD is trading within a price range of 0.7457-0.9382 at the hourly chart. It shows that the rate of AUD / USD is trading below the moving average with period 55 per hour chart (the level of 0.9338), which generally helps to reduce prices in the short term. |
I recommend to open long positions after the breakdown of the results of hours of resistance at 0.9339 in order to increase the resistance at 0.9353-58 and if it is the breakdown of 0.9381. Stoploss if this strategy can be placed at the level of 0.9305.
I recommend to open short positions in case of breakdown of support at 0.9310 on the basis of an hour, with a view to reducing the support level at 0.9293 in the case of breakdown up to an hour to support at 0.9272. Stoploss if this strategy can be placed at the level of 0.9343.
Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts.
In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown.
Analyst "Forex Analytics" Alex Sedyshev
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