Technical analysis AUD/USD 6 February 2013


Consolidation of trading below 1.0390, as noted in the previous comment, opened the way down. Price dropped to a specified earlier goals and is currently testing support at 1.0300. Character of the fall of the pair and appearance  of consensus on the indicators that are now turned down, gains the opinion that reached the local minima are not the last for the observed downward trend. Perhaps the following objectives for the “bears” can be placed at 1.0230/40. This increases the risk of falling prices to support at 1.0150/40, which triggered a return to growth of trading  in the last October.

AUD/USD - 06/02/13


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Hello, my name is Arkady Nagiev and I’ve been working for Forex4you company since 2008. I received an economic education and worked in various sectors of former Soviet Union. After the dissolution of the USSR, I decided to engage in the banking sector. In 1994 I took "Banking" course in the Moscow International Financial and Banking School. After that, I worked in the banks of Turkmenistan and Ukraine. While working at the bank, I became interested in the foreign exchange market, which required additional knowledge and pushed me to study strategies and techniques for the analysis of foreign exchange instruments. At first, I thought that technical analysis would be enough, but I soon realized that I was wrong, and began to study fundamental analysis. I sincerely hope that my Forex reviews and financial analyses help our clients to gain a better understanding of the forex market. Good luck with your trading everyone!