Our free forex signals service trade today is a buy order on the AUD/USD pair. The AUD/USD pair rallies and it seems poised to come back higher if the Dollar Index resumes its downside movement. It’s trading in the green at 0.7288 level, but we still need confirmation before considering going long. Technically, the Dollar Index printed a gap up. Closing this gap could signal a deeper drop. This scenario could force the USD to depreciate versus its rivals. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Unemployment Claims Worse Than Expected! In the short term, the USD could extend its depreciation after the US Unemployment Claims was reported at 268K above 260K expected in the previous week. Today, the Dollar Index could react around the Canadian retail sales data. The index is in a corrective phase, personally, I’m expecting high volatility after Canadian figures. From the technical point of view, the AUD/USD pair has found support at the 78.6% retracement level and now challenges the descending pitchfork’s median line (ML). After registering a false breakdown with great separation through the confluence area formed at the intersection between the ascending pitchfork’s lower median line (lml) with the 78.6%, the pair was somehow expected to rebound. Closing and stabilizing above the median line (ML) and staying within the ascending pitchfork’s body may signal potential further growth in the short term. The upside scenario could be invalidated if the rate makes a valid breakdown below the lower median line (lml). Free forex signals – BUY AUD/USD at 0.7305 Free forex signals entry price and takes profit Instrument: AUD/USD Order Type: BUY STOP Entry price: 0.7305 Stop Loss: 0.7248 TP1: 0.7368 My Risk: 1% Risk / Reward Ratio: 1: 1.6 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next GBP/USD Forecast: Massive Sell-Off As 1.35 Psychological Level Holds Olimpiu Tuns 3 weeks Our free forex signals service trade today is a buy order on the AUD/USD pair. The AUD/USD pair rallies and it seems poised to come back higher if the Dollar Index resumes its downside movement. It’s trading in the green at 0.7288 level, but we still need confirmation before considering going long. Technically, the Dollar Index printed a gap up. Closing this gap could signal a deeper drop. This scenario could force the USD to depreciate versus its rivals. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes" radius="0"]Get FREE Forex Signals Now![/su_button] 3 Free Forex Every Week – Full Technical Analysis US… Top 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.
