Technical Analysis and Trading Recommendations for AUD/USD for 16/04/2015

Let's have a closer look at the AUD/USD pair in the H4 time frame. The major levels are: 0,7568; 0,7606; 0,7647; 0,7673; 0,7718; 0,7752 current price; 0,7776; 0,7807; 0,7849. In the course of today's Asian trading session, the Australian dollar has risen sharply against the US dollar after the unemployment rate decreased from 6.6% to 6.1% in March, and the number of employed people increased. All sales of the Australian dollar for today can be limited by the levels 0.7725 and 0.7718 as well as the one slightly lower at 0.7708.

A breakout of these prices will lead to more active short positions, with the major goal of the pair going down to 0.7673 and 0.7647. At the current moment, an intermediate resistance level is 0.7776. A movement upwards may lead to reaching new highs of the day. The most distant goal on long positions for the end of the week will be the 0.7849 level. Trading recommendations for today: AUD/USD Sell 0.7773 ТР

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