Forex Trading recommendation on AUDUSD 13-04-2016 by AzaForex

Successful strategies to employ in foreign currency exchange.
The Australian dollar again approached the resistance level, and again dropped back. The bulls are going to take this level. If the forces have not left willing to raise the price up, you can join them after breaking through the resistance level 0.7730. In this case the price can grow up only on impulse.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 0.7730
•             The level of profit and close the position: 0.7830 (100 pips)
 
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