Currency Analyst since 2010

AUD/USD with Leonid Vereschagin

Technical analysis. Forecast AUDUSD 03.04.2014


Chart 1. Daily AUD/USD

On the daily chart we see a clear bullish trend with higher highs and lows. The closest support is at 0.9130.

The long position is justified by:

  • The uptrend
  • The price is above EMA 55


Chart 2. H4 AUD/USD

There will be a correction after which one can open long position.


Trade signal

BUY:  0.9130-0.9070

Stop Loss:  0.9020

Take Profit: 0.9275


Chart 3. H1 AUD/USD

On the hourly chart there’s a local downtrend which will lead us to the proposed trade.

Conclusion:  buy-signal is confirmed.


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