FxGrow Support

FxGrow Daily Technical Analysis – 15th Sept, 2015 By FxGrow Research & Analysis Team EURUSD - consolidation under the upper arm of the triangle Time-frame H1 Since September 4 EURUSD moves in an upward channel. Last friday was break above the resistance at level 1.1305, but the bulls joy did not last long because already the next day the price back below resistance. In upcoming days it should be test the lower limit of the channel on 1.1270 and rebound. The target of the rebound will be the level 1.1370 which is the local maximum. High volatility on EURUSD is to be expected on Thursday, after the Fed's decision on interest rates. Wider view - interval D1 Since the beginning of the year EURUSD moves in the triangle. In late of August there was an attend to break above the triangle, which ended with a fakey and price returned to the interior of the triangle. The last dynamic upward movement was ended on 24 August at the level of 1.1710. We saw a corrective decrease from that level, which stopped at the 88,6% Fibonacci retracement of last upward move. If the price will keep in area of the upper limit of the triangle it will increase the chance of successful break of resistance and move upward. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 14th Sept, 2015 By FxGrow Research & Analysis Team AUDCAD current rebound reached to fibo 50% According to the analysis for the beginning of September the price has tested the support 0.9160 (from 2013). Support was target for the bears and for the bulls. The bears were closing short positions and the bulls were opening a long positions here. As a result, the weekly chart shows the strong bull candle, which stopped at the resistance. On the weekly chart, we can draw quite precisely the downward channel, in which the price moves for 1.5 years. At this moment bulls are trying to break above resistance at 0.9400. If it proves successful the level of 0.9740 will be the target of upward move. At the time-frame H4 we can see smaller channel. An attempt of broke below has failed and today the bulls are trying to break above the channel's top. If the bulls succeeds the next resistance will be at 0.9480. However, the current level is a 50% Fibonacci retracement of last downward move and it may cause bears reaction. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 14th Sept, 2015 By FxGrow Research & Analysis Team USDJPY breakout of the triangle will point the direction of move Since 3 weeks USDJPY moves in a triangle, whose lower and upper band have been tested for two times. Correction which lasts for a month was abolished by 61.8% (so amounted to rebound after drop). This suggests that there is still more likely to continue correction than the end of it and return to move up. In the triangle we are slowly running out of space. If the market will react on that formation effective break out will point further movement. Wider view D1 Since 2012 USDJPY is moving in an upward trend. At that time the price rose from 76 in January 2012 to 120.50 last Friday. At the level of the maximum of August, price was recently in 2002. For now this resistance stopped further upward movement. On the other hand strong suport is on the level 116. Last time it was tested in 24 August. This support for almost a year does not allow price to fall. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 11th Sept, 2015 By FxGrow Research & Analysis Team GBPAUD - waiting for exit from consolidation Time-frame H1 Since the beginning of September GBPAUD moves in a side trend between resistance at 2.2100 and support 2.1670. Break above this resistance will lead price to 2.2400 which is the last top established on 24 August. Alternatively break below this support will bring price around 2.1500 - 2.1450. Wider view, time-frame D1 Since 2013 GBPAUD moves in an upward trend. Nearest strong resistance is around 2.2600 - 2.2800. But to get to that area bulls must break above the last high. Since April 2015 the price moves in the upward channel. Currently range of this channel is 2.1600 - 2.2500. Breaking one of these levels will set the future direction for a while. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 11th Sept, 2015 By FxGrow Research & Analysis Team EURCAD time for a decision - up or down after reaching the September's top. Wider view D1 EURCAD since April 2015 moves in upward channel. At the end of August we saw an unsuccessful attempt to broke above the Upper limit of the channel, which resulted in return to its lower band. Bulls started their purchases and there has been a rebound. After breakout strong resistance at 1.5560 has been tested. Price in the long term moves in a downward trend. 1998, 2008, 2014 highs, were followed by lower tops and lower lows. Time-frame H1 On 28 August EURCAD moved in a side trend between support 1.4600 and resistance 1.5000. Since the beginning of September another resistance at 1.4920-1.4940 was formed, which today was broke from below. After breakout, the price has moved up about 50 pips where was stopped by even stronger resistance 1.5000. If this next resistance will be broken, the next targets will be in sequence 1.5200, 1.5430 and a peak of August 24 1.5560. However, if the bulls not be able to sustain upward movement and the price will return below 1.4940, the test of the March bottom on the level 1.4600 would be likely. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 10th Sept, 2015 By FxGrow Research & Analysis Team AUDUSD came close to an important support Wide view, time-frame W1 Since 2011 AUDUSD moves in a downward trend. At the daily time-frame we can determine channel, in which the price moves. At this moment nothing indicates the possibility of trend reversal, but it is already very close to important support at 0.6780. Rebound from this support can cause upward movement of about 800 pips. Alternatively, if bears proves to be stronger next resistance will be at 0.6010. Time-frame H4 The downward channel is also on a smaller interval. Today AUDUSD broke above downward channel. Correction of last downward movement should reach a minimum to fibo 38.2% (level 0.7100). If bulls prove to be strong enough, then reaction event to 0.7230 will be possible. There is the nearest resistance and the fibo 61.8%. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 10th Sept, 2015 By FxGrow Research & Analysis Team GBPJPY - correction that lasted three months may be near the end GBPJPY is moving in an upward trend since 2012. Last three months was a correction descent and the inability to reach a new high. Level 195.80 stopped move up and it is a historical resistance. Recent upward movement from April to June 2015 have been corrected for less than 78.6%. Rebound from support of 180.40 caused the move up which stopped at the first resistance 185.20. Break above that resistance will cause move to 195.00, where bulls will try to end current correction. Alternatively, if the GBPJPY break below support at the 180.40 price will fall to 175.00. Time-frame H1 For a week GBPJPY moves in an upward channel. Currently, the lower limit of the channel is located at 184.50 and top of the channel 187.30. Breaking down the channel will signal that the price could soon retest the support at 180.40. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 09th Sept, 2015 By FxGrow Research & Analysis Team EURCHF false-break from upward channel Yesterday EURCHF has reached its highest level since 16 January. Bulls failed to stay over the resistance at 1.0960. There has been a rebound and return inside the upward channel. Price moves in a channel for a month and it is possible that now will move to the lower limit of that channel. Right now, very important levels are 1.0960 and 1.0720. Their break will indicate the direction for some time. Currently, return to upward movement is more likely. Time-frame M30 M30 time-frame looks more optimistic. After reaching new high there has been downward correction that stopped on the support near fibo 61,8%. EURCHF already may be after the correction and price will return to upward trend. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 09th Sept, 2015 By FxGrow Research & Analysis Team EURCHF false-break from upward channel Yesterday EURCHF has reached its highest level since 16 January. Bulls failed to stay over the resistance at 1.0960. There has been a rebound and return inside the upward channel. Price moves in a channel for a month and it is possible that now will move to the lower limit of that channel. Right now, very important levels are 1.0960 and 1.0720. Their break will indicate the direction for some time. Currently, return to upward movement is more likely. Time-frame M30 M30 time-frame looks more optimistic. After reaching new high there has been downward correction that stopped on the support near fibo 61,8%. EURCHF already may be after the correction and price will return to upward trend. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 09th Sept, 2015 By FxGrow Research & Analysis Team GBPCAD waiting for test of fibo 50% GBPCAD moves in an upward trend since 2013. Last two weeks were correction declines. Declines are very flat and even failed to reach fibo 50% of the last upward movement. This forces the behavior of skepticism about the further fast move up. Especially that GBPCAD reached levels which for many years make an important support or resistance. There are no signs of reversal the upward trend, but a correction or side movement at the moment are very likely. Fibo level of 50% 1.9550 may be tested in the near future. Today we can observe the dynamic movement due to the decision of the Bank of Canada on interest rates. Time-frame H4 The nearest resistance WHERE price is already moving is at 2.0590. Support is at 2.0100. It is possibile that the price will test resistance and rebound to the support. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 08th Sept, 2015 By FxGrow Research & Analysis Team EURUSD prepare for long movement EURUSD after a false breakout above the triangle on August 24 returned to its range. Currently, the volatility is very small which normally ends with a dynamic movement. Policy of central banks suggests that the move could be down. From the one hand we have the FED meeting and possible rate hike. On the other hand, the ECB, which is in the middle of the QE program trying to weaken the euro. Break below the last support should lead price to a lower limit of the triangle (that is 1.0780). Time-frame M30 Since the week beginning EURUSD moves in a upward channel. Today price tested lower band of the channel, chich caused the rebound. Break below lower band of this channel will be the first signal of upcoming falls. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 08th Sept, 2015 By FxGrow Research & Analysis Team AUDJPY it's time for a rebound In July and August AUDJPY moved in consolidation between the levels of 89.15 - 92.65. Break below pointed minimum of 24 August triggered a sharp move down. On the same day AUDJPY started to rebound, which achieved 50% of last downward move. August 24th bottom at the level of 82.00 was tested again last Friday. Rebound can be weak and successful pressure of the bears on level 82.00 will move down to the next support of 79.50. Alternatively, if the bears will not aggressively push this rebound may come to the last resistance level at 87.30 and only there return to the declines. Time-frame H1 For two weeks AUDJPY is moving in a downward channel. The lower limit of the channel was tested on Friday and rebounded. Today AUDJPY broke above upper limit of the channel. If this break was fakey last minimums will be again under pressure of sellers. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 07th Sept, 2015 By FxGrow Research & Analysis Team EURAUD - breakout from the consolidation that lasted for three years EURAUD on hourly interval approached to the resistance level at 1.6150. After his breakthrough nearest target will be 1.6585 which is a maximum of 24 August. The trend is upward (confirmed with the red line on the graph H1 and breakout from the consolidation on W1 chart). Any descent of pointed resistance should not be too deep because the bears will have to overcome several suport levels. Key support is at 1.5600. Time-frame W1 Two weeks ago resistance that stopped move up for more than 2 years was broken. Long candle PIN BAR looks like fakey, but last week's candle confirmed the move up. August 24 the price has tested level which has not been since 2009 and return of the bulls to that level is a matter of time. After breakout the level 1.6585 next target will be at 1.7400. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 04th Sept, 2015 By FxGrow Research & Analysis Team NZDUSD - support is broken, target of falls 0.5900 NZDUSD for nearly two weeks is moving in a downward channel. Today there was an attempt to leave top of the channel but ended on a false breaking. On the chart appeared a long upper shadow and a red candle. It may end by the test of the lower limit of the channel at 0.6230 where there is also a minimum of 24 August. First bears must break the next support on level 0.6310. Time-frame W1 NZDUSD for a year is moving in a strong downtrend and it looks like that falls will be continued. Seven weeks has lasted consolidation at support level 0.6500. So long impotence of bulls to perform bounce has to end broken of support. So it happened and support has been broken. Last week's minimum may cause slight rebound, but the next strong support is at 0.5900. That should be a target to bears which will allow for a longer rebound. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 04th Sept, 2015 By FxGrow Research & Analysis Team EURGBP breakout from the consolidation will indicate the direction For more than a week EURGBP moves in consolidate between 0.7394 and 0.7260. Yesterday at the press conference ECB President Mario Draghi euro depreciated against other currencies and is also clearly visible on the chart with the pound. Drop wasn't deep enough to breach the support. Currently only breakout one of indicated levels should start longer movement. Time-frame D1 In August EURGBP left downward channel and now 6-month resistance at 0.7390 effectively stops the aspirations of the bulls. If it had been broken the support 0.7220 that the price will return to the inside of the downward channel and it will move towards the July low. Price moves in a downward trend, and the current rally should be seen more as a rebound than changing the long-term downtrend. Alternatively, if bulls could break the resistance the target of upward movement will be 0.7760. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 03rd Sept, 2015 By FxGrow Research & Analysis Team AUDCAD - breached two years support After fourth test of support on level 0.9400 bears reached its purpose and support was breached. The price was so low last time in August 2013. At the same time there's only 100 pips left to the next support. Its breakthrough could lead price to a level 0.8600 and below. After a bounce, level of 0.9400 will be resistance to upward movement. Next resistance is 0.9740. Time-frame H4 Downward trend on AUDCAD for a month took the form of a channel. The lower limit of the channel has been tested od Tuesday and since then the price is trying to bounce back. If the bulls break through resistance at 0.9360 this bounce may lead price to 0.9500, where is another resistance and the upper limit of the downward channel. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 03rd Sept, 2015 By FxGrow Research & Analysis Team USDJPY - important resistance began a correction? High volatility in USDJPY took place on 20-24 August where was a drop from 124.00 to 116.13. Currently it settled down and price for more than a week moves in a flat upward channel. Nearby intraday support is on 118.40 and resistance 122.00. After break one of them a further target is above-mentioned extreme. Time-frame M1 USDJPY is moving in an upward trend. The level 125.80 which stops further upward movement is a major resistance. It already stopped trend in the years 2001, 2002 and 2007. There is a probability of correction because there wasn't any since three years. If the last drop will be a beginning of the correction the minimum level of falls is 38.2% fibo (106.60 level). For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 02nd Sept, 2015 By FxGrow Research & Analysis Team EURCAD - it's not the end of falls EURCAD for last 4 months moves in a upward trend. Movement forms trend channel which was break up 3 weeks ago. Last week after re-test of the resistance 1.5560, price move down. Currently is on the border of the upper limit channel and support on level 1.4720. If bulls will capitulate, there is possible move to around 1.4000. H1 Time-frame After fast move up in last week there has been a return movement which correct more than 61,8%. EURCAD at the same time created a channel in which it moves. Tonight was a failed attempt to go top of the channel, after which there was a move down. It is possible that the price will test the lower limit of the channel 1.4707. If the bears will continue the push the next target will be fibo 78,6% (level 1.4640). For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 02nd Sept, 2015 By FxGrow Research & Analysis Team EURUSD fibo 78,6% stopped the descent EURUSD rebound from top of the upward channel, additionally 1.1700 level is a resistance chich price were seen in January 2015. Currently EURUSD is in the middle of the channel. At the level 1.0850 is a lower limit of the channel and a resistance. H1 Time-frame After descent from 1.1700 level fibo 78,6% stopped the fall. The descent took a form of a downward channel and if Friday upper limit of the channel was break. Price stabilized around the 1.1280 level. Currently move up is more likely. Alternatively broke lower limit from the last week will lead price to 1.0850. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 01st Sept, 2015 By FxGrow Research & Analysis Team GBPAUD - easy it's only break before upward movement Since March 2013 GBPAUD moves in the upward movement. In early July price broke up resistance and in August was re-test. Since April 2015 GBPAUD is moving in the upward channel. Last Monday attempt to leave the channel top failed. As a result, this caused the descent to the bottom of the channel. H1 Time-frame Descent that took place in last week took the form of a simple correction ABCD and fall in the GBPAUD stopped the 2.1420 level. For the bulls there will be a strong resistance level of 2.2100. In the short term resistance should be broken and upward movement continues. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 01st Sept, 2015 By FxGrow Research & Analysis Team EURJPY - 4 months in consolidation After a dynamic movement from December 2014 to April 2015 in May EURJPY started move In consolidation. Main support is 133.00 and resistance 141.00. On historical chart we may see that the move without volatility like now has ended with dynamic movement. However as long as one of the sides do not obtain advantage bulls will be closing long positions on the indicated resistance and bears will be closing short positions on indicated support and consolidation will continue. H1 Time-frame At the interval H1 there is even greater stagnation, which runs from 26 August. Price moves in the triangle between the levels of 135.25 and 136.50. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 31st Aug, 2015 By FxGrow Research & Analysis Team GBPJPY - completed a simple correction and resumption of the main trend In a longterm on GBPJPY there is an upward trend, and last drop that started in June closer to the end. Length CD last move downward (which began on 18 August from 195.26) is equal length AB (visible on the daily chart). If last week's bottom wouldn't be break in the coming days, we may see a new move upward. Alternatively break this level could bring price to 177.80 or 161.8% fibo AB. H1 Time-frame At the H1 interval upward channel formed, in which the price moves for four days. After the last drop, the channel looks like a flag. It prefer a scenario that I described above as an alternative. Descent to the level of 177.80, and return to growth. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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FxGrow Daily Technical Analysis – 31st Aug, 2015 By FxGrow Research & Analysis Team USDCAD - resistance stopped the upward movement USDCAD from 2011 is moving in an upward trend. In this period it has gained almost 50% in value from 0.94 to 1.33. USDCAD is at levels which were seen in 2004. Easily break out of the level 1.3350 should not succeed which May cause move down. Price moves inside upward regression channel, and if falls start they will bring USD/CAD down even to 1.2400. That level is a lower limit of the trend channel. H1 Time-frame Last week a peak of 1.3350 was reached and increases have been stopped. Further falls are currently stopped by support near 1.3170. Possible breakdown of this level could bring price to 1.3080. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 28th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD rebound after the fall and movement of the flag formation. AUDUSD since 2011 is moving in a downward trend, and the last six months there is a movement in the channel. On Monday a strong downward candle AUDUSD has tested the lower limit of the channel. At the lower band bulls appeared which is evident on the chart in the form of a long lower shadow. At the moment the price is in the middle of the channel however this move is more preparation before further falls rather than attempt of a long rebound. Interval H1 After Monday's fall rebound was quickly, which abolished the 61.8% downward movement. For two days AUDUSD moves in the flag and the maximum level, which should stop the upward movement is 0.7240. The flag is a trend continuation formation so on AUDUSD is recommended for short position. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.