Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
23 Jan 2020

AUD/USD Price analisis: The price action and levels to look for on Aussie jobs

  • Bullish scenario: 50% mean reversion target at 0.6880 is the focus.
  • Bearish scenario: 61.8% Fibo guards 0.68 the fig confluence and 0.6755 November low.

AUD under pressure since H&S neckline break and test of daily support line below yesterdays US session fresh closing low for the year down at 0.68427. Bears scored 0.6827 channel support low, to the pip.

Bears can target the golden ratio as the 61.8% Fibonacci retracement target, 0.6820 area which will be expected to hold the initial tests. A subsequent break there will be game over the committed bulls and 0.66 will be on the cards. 0.6800 will give way to 0.6755 November low ahead of the target the 0.6671 October low

However, should the data be considered a positive outcome, from channel support, a structural bullish case could be made for a restest towards a 50% mean reversion target and prior support of the H&S neckline and 0.6880 prior resistance. On a subsequent break, bulls will be back in the picture for a more balanced bias and the upside of the channel will be back in vogue. 

Jan 23, 2020

Australia Consumer Inflation Expectations above expectations (3.8%) in January: Actual (4.7%)

Australia Consumer Inflation Expectations above expectations (3.8%) in January: Actual (4.7%)
Read more Previous
Jan 23, 2020

Gold: Extends recovery gains beyond $1,562 as risk-off prevails

Gold stays on the front foot while taking the bids to $1,562, +0.22%, during Thursday’s Asian session. The yellow metal has recently benefited from th
Read more Next