FBS Markets Inc.
Open account Log in

AUD/USD: 'V-Bottom' pattern

Read the article on FBS website

The main trend is still bearish. Currently, the market is under the Moving Averages, but there's a 'V-Bottom' pattern. Thus, it's likely that the pair is going to touch the previously tested resistance at 0.7131. If a pullback from this level happens next, there'll be a green light for another decline in the direction of the nearest important support at 0.7069 - 0.7063.

8-4-2019-AUD-USD-H4.png

Share with friends:

Similar

Latest news

Instant opening

The website is operated by FBS Markets Inc.; Registration No. 000001317; FBS Markets Inc. is registered by the Financial Services Commission under the Securities Industry Act 2021, license number 000102/31. Office Address: 9725, Fabers Road Extension, Unit 1, Belize City, Belize.


FBS Markets Inc. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by HDC Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Contact number: +357 22 010970; additional number: +501 611 0594.


For cooperation, please contact us via support@fbs.com.


Risk Warning: Before you start trading, you should completely understand the risks involved with trading in financial markets, and you should be aware of your level of experience.


Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.


For affiliate marketing use only. Operated by an FBS partner under the FBS Partnership Program.