A strong rally saw AUDUSD pushing through the 1.0600 and 1.0700 levels the past week. This has opened the door for more strength towards the 1.0800 level where a break will allow for further gains towards the 1.0900 level and then 1.100 level. Guest post by www.fxtechstrategy.com Its weekly momentum studies are bullish and pointing higher supporting this view. Alternatively, on any pullback, the 1.0700 level should come in as the initial support followed by the 1.0600 level where a reversal of roles as support is expected to occur. Further out, supports are located at the 1.0500 and then the 1.0400 level. All in all, with AUDUSD maintaining its bullish momentum, further strength is likely in the days ahead. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD Apr. 25 – Rising Cautiously on US Debt Fears Yohay Elam 12 years A strong rally saw AUDUSD pushing through the 1.0600 and 1.0700 levels the past week. This has opened the door for more strength towards the 1.0800 level where a break will allow for further gains towards the 1.0900 level and then 1.100 level. Guest post by www.fxtechstrategy.com Its weekly momentum studies are bullish and pointing higher supporting this view. Alternatively, on any pullback, the 1.0700 level should come in as the initial support followed by the 1.0600 level where a reversal of roles as support is expected to occur. Further out, supports are located at the 1.0500 and then the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
