Forex Trade recommendation on AUDUSD 21-04-2016 by AzaForex

Trading tips and techniques for effective forex trading.
The Australian dollar has relentlessly puts pressure on the U.S. dollar. Such persistence of the bulls, gives hope for the continuation of the trend. Although the movement has strong momentum at the breakout of the resistance level there is a good chance to earn in Forex more than 120 points.
 
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: 0.7830
•             The level of profit and close the position: 0.7950 (130 pips)
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1263
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1280
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9735
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4290