Fxbros "On The Rise" www.fx-bros.com 1-800-504-3940
- #108,067
- Jun 14, 2023 1:32pm Jun 14, 2023 1:32pm
- Joined May 2010 | Status: Trader | 2,693 Posts
AU 
... 0.66/0.65 ..
... 0.66/0.65 ..
Technical analysis - AUDUSD.
For this instrument, the current price 0.67712 is in the area between 0-0.67539 and 50-0.68049. In this area we have two very important levels 23.6-0.67779 and 38.2-0.67928. The importance lies in their accuracy. When approaching them, it is desirable to work on the retreat. When considering the option with an exit from this area above the level of 50-0.68049, we have three target levels 61.8-0.68169, 76.4-0.68318, 123.6-0.68798. Upon reaching these levels, it makes sense to fix part of the purchases. The option of continuing the price decline will lead to fibo levels -38.2 and -61.8 (0.67150- 0.66909), which will also be targets in case of sales. This fibo grid is built on the basis of yesterday. If we consider the fibo grid and the position of the current price 0.67712 in its lower part, then sales are now more in demand. Thus, with increased volatility, we can easily work out the level -61.8, which corresponds to the price of 0.66909. 
For this instrument, the current price 0.67712 is in the area between 0-0.67539 and 50-0.68049. In this area we have two very important levels 23.6-0.67779 and 38.2-0.67928. The importance lies in their accuracy. When approaching them, it is desirable to work on the retreat. When considering the option with an exit from this area above the level of 50-0.68049, we have three target levels 61.8-0.68169, 76.4-0.68318, 123.6-0.68798. Upon reaching these levels, it makes sense to fix part of the purchases. The option of continuing the price decline will lead to fibo levels -38.2 and -61.8 (0.67150- 0.66909), which will also be targets in case of sales. This fibo grid is built on the basis of yesterday. If we consider the fibo grid and the position of the current price 0.67712 in its lower part, then sales are now more in demand. Thus, with increased volatility, we can easily work out the level -61.8, which corresponds to the price of 0.66909.
