one the daily chart we can see that the support level @61.8% was broken so we have a resistance level @ this level so i predict that this pair will move downward on the short term so i suggest selling this pair now our target point will be @50%.
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one the daily chart we can see that the support level @61.8% was broken so we have a resistance level @ this level so i predict that this pair will move downward on the short term so i suggest selling this pair now our target point will be @50%.
BUY FROM: 1.0377, T-1: 1.0398, T-2: 1.0436, T-3: 1.0455
SELL FROM: 1.0355, T-1: 1.0339, T-2: 1.0321, T-3: 1.0283
:good:
Price action has touched baseline resistance on 1 hour chart and this area coincides with daily pivot point and it seems it could respect it by showing a pullback at this level, it also means break above this area will definitely make us see 1.0435 level news from the us tomoroow could spur price to this area then.
AUD/USD orders : Good buying interest 1.0340/50 stops below. Stronger buying interest at 1.0300/10. Offers 1.0390/1.0410 scattered stops above. Key level at 1.0445/55 (weak shorts)
The pair rolled back to 1.03847. If the pair stays below this level, the pair will decline to 1.01873.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00592
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Trend on both gourly chart and 4 hour chart are bearish next area of targets is 1.0324 level, since we are not at overbought nor at oversold levels chances are that we could actually see this areas as next targets come to pass no news out of australia for the coming days but we could see news from us being the cause of this movement.
AUD/USD lose some downside momentum with 4 hours MACD crossed above signal line. But the bearish outlook remains unchanged so far. As noted before, rebound from 0.9588 is finished at 1.0612 already. Fall from there is expected to continue to 1.0176 and below. In any case, we'll stay bearish as long as 1.0544 resistance holds and expect deeper decline ahead.
Support & Resistance 29/08/2012
Sup 1 : 1,0395
Sup 2 : 1,0413
Sup 3 : 1,0439
PIVOT : 1,0370
Res 1 : 1,0351
Res 2 : 1,0326
Res 3 : 1,0307
The AUD / USD breaking through an important level continues to decline slowly, and formed a new resistance level 1.0385, now at 4 hour chart shows the approximate capacity of a pair, around 1.0200, so that you can sell with a small stop happy good profit ....
View the basic AUDUSD=X stock chart on Yahoo! Finance. Change the date range, chart type and compare AUD/USD against other companies. Get the latest index performance and chart outlook for AUD/USD (AUDUSD=X).