Technical Analysis Reports

0,6410. AUD USD broke 0,6500 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a resistance below 0,6470 (60 pips). The downtrend should continue on 0,6170 support (240 pips).
=> We could take a short position at 0,6420. We will put the stop loss above 0,6480 (-60 pips). The targets are 0,6260 (+160 pips, risk/reward 1:2.7), 0,6170 (+250 pips, risk/reward 1:4.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.