Forecast by Marius Ghisea – AUD/USD (August 8-12)

The AUD/USD currency pair may fall in the medium long term. The MACD and the stochastic oscillator indicate a possible downtrend. A confirmation of a downtrend may be when the price reaches 50EMA (0.7500).

AUDUSDdaily-page-001

This currency pair is into a range at this moment. The AUD/USD pair will exit from the range at 0.7580. The MACD on the 8 hour chart confirms the downtrend.

AUDUSD8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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