Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis of AUD/USD for July 06, 2018

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If we look at the 4-hour chart at the AUD/USD pair, we can see this pair is already moving in a sideways condition but still in a Bearish bias, but the Divergence between the Stochastic and the price give us an information about this pair that it seems it will test its near support zone at 0.7327 to 0.7347 level. As long as this pair do not break out and close their critical level 0.7450, the AUD/USD pair will go down to test its support level zone.

(Disclaimer)

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

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