{"id":108797,"date":"2017-07-10T09:30:03","date_gmt":"2017-07-10T13:30:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=108797"},"modified":"2017-07-10T08:43:09","modified_gmt":"2017-07-10T12:43:09","slug":"fibonacci-retracements-analysis-10-07-2017-audusd-usdcad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/fibonacci-retracements-analysis-10-07-2017-audusd-usdcad\/","title":{"rendered":"Fibonacci Retracements Analysis 10.07.2017 (AUD\/USD, USD\/CAD)"},"content":{"rendered":"
July 10, 2017<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

As we can see at the H4 chart, the AUD\/USD pair reached 0.7710 and then started the descending correction. By now, the price has been corrected by 38.2%. The next targets of the correction may be the retracements of 50% at 0.7541 and 61.8% at 0.7500.<\/p>\n

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At the H1 chart, the pair completed the intermediate descending impulse at 0.7570, which later was corrected by 38.2%. Possibly, the correction may yet continue to reach the retracement of 50% at 0.7640. Only after breaking the local low at 0.7570, the price may finish the correction and continue moving towards 0.7541, which is the retracement of 50% (extension by 161.8%).<\/p>\n

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USD\/CAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/strong><\/p>\n

At the H4 chart, the USD\/CAD pair reached the retracement of 261.8%, which the biggest possible extension, and right now is finishing the descending impulse. In the mid-term, the price may fall towards 1.2582, which the retracement of 423.6%. In the near future, the pair may be corrected to the upside to reach the area at 1.3043 \u2013 1.3103, which is the retracements of 38.2% and 50% respectively.<\/p>

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As we can see at the H1 chart, after finishing the convergence that indicated the completion of the descending movement, the pair started a new correction to reach the retracement of 23.6%. The closest upside target is at 1.2972, the next ones are between the retracements of 38.2% and 50% at 1.3043 and 1.3103 respectively.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com AUD USD, \u201cAustralian Dollar vs US Dollar\u201d As we can see at the H4 chart, the AUD\/USD pair reached 0.7710 and then started the descending correction. By now, the price has been corrected by 38.2%. The next targets of the correction may be the retracements of 50% at 0.7541 and 61.8% at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108797","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108797"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108797\/revisions"}],"predecessor-version":[{"id":108798,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108797\/revisions\/108798"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}