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.
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.
Octa trading broker
Open trading account
Back

AUD/USD Price Analysis: Attempts establishment above 38.2% Fibo retracement at 0.6920

  • Aussie bulls are aiming to sustain above 38.2% Fibo retracement around 0.6920.
  • Advancing 20-and 50-period EMAs add to the upside filters.
  • The RSI (14) has shifted into the 40.00-60.00 range after a mild correction.

The AUD/USD pair is attempting to hold itself above the crucial support of 0.6900 after a sharp decline in the initial hours of the Tokyo session. A rebound move by the aussie bulls seems firmer and many get strengthened further after overstepping 0.6920.

On a four-hour scale, the asset is focusing on surpassing 38.2% Fibonacci retracement (which is plotted from June 3 high at 0.7283 to July 14 low at 0.6680) at 0.6920. Earlier, the major failed to kiss the 50% Fibo retracement, which is placed at 0.6984.

The greenback bulls have attacked the 20-period Exponential Moving Average (EMA) near 0.6900. While the 50-EMA at 0.6867 is untouched from the past week. Advancing short-term EMAs add to the upside filters.

Meanwhile, the Relative Strength Index (RSI) (14) has slipped into a 40.00-60.00 range from the bullish range of 60.00-80.00. This doesn’t warrant a bearish reversal, however, the asset is facing a minor correction after printing a monthly high of 0.6977.

Should the asset overstep 38.2% Fbo retracement at 0.6920 firmly, aussie bull will regain its mojo and will drive the asset towards June 28 high at 0.6965. A breach of the latter will send the major towards the psychological resistance at 0.7000.

On the flip side, a steep fall below the round-level support of 0.6800 will strengthen the greenback bulls. This may decline the pair towards July 13 low at 0.6724, followed by July 14 low at 0.6680.

AUD/USD four-hour chart         

 

 

GBP/USD Price Analysis: Sellers could be about to make their moves

GBP/USD is under pressure in the open as the US dollar picks up a bid to start the week. The following illustrates the structure of the hourly market
Read more Previous

Gold Price Forecast: XAU/USD bears move in but higher levels are calling

Gold is trading offered at the start of the week as the US dollar firms despite data that showed on Friday US business activity shrunk for the first t
Read more Next