Fxwirepro: Aud/usd Key Resistance at 0.7350, Sell Deals are recommended Below 0.7325

  • The resistance level at 0.7350 is likely to hold the Aussie bulls and push the pair downwards, therefore short rally near 0.7325 should be taken as advantage for selling opportunities.
  • To the upside, the immediate resistance can be seen at 0.7350 (July 29th highs), A break above this level would take it to next resistance level at 0.7364 (July 31st high), to the downside, the first support level lies at 0.7325 (July 27th high).                         

Recommendation: Go short below 0.7325, targets 0.7270, 0.7240, SL 0.7380

Resistance Levels

 

R1: 0.7350 (July 29th highs)                           

R2: 0.7364 (July 31st high)

R3: 0.7393 (July 23rd high)

Support Levels

S1: 0.7325 (July 27th high)

S2: 0.7302 (61.8% Retracement level)

S3: 0.7280 (July 29th lows)

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

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