On the H1 chart, the price is below EMA 12 and EMA 72 d indicates the trend is still down
RSI 50 is under the area of 50 indicates the trend is still down
Recommendation: sell
Range :1.0511-1 .0348
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On the H1 chart, the price is below EMA 12 and EMA 72 d indicates the trend is still down
RSI 50 is under the area of 50 indicates the trend is still down
Recommendation: sell
Range :1.0511-1 .0348
Reduce further still prevents tilting the level of support from which the course several times fought back, the price goes up to him again, I would consider selling only at strengthening the pair below the horizontal support 0390 with access to the target 0300.
AUDUSD remains in downtrend from 1.0624, rise from 1.0367 is treated as correction of downtrend. Resistance at 1.0520, as long as these levels persist, downtrend could be expected to continue.
After the pair made a retreat from the horizontal level course 0600 met strong support in the form of Ichimoku cloud top and a blue slip (on the daily chart), to further reduce the pair to overcome them.
http://img255.imageshack.us/img255/9773/imagelt.gif
Rebounded pair AUD / USD near support at the 1.0387 level to rise and closes higher Frame Time moving average 55 but did not gain momentum enough yet to penetrate the resistance levels at 1.0457
Stochastic is approaching saturation and therefore prefer to wait until we see a clear signal for the pair coming period
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Recommendation: sell
TP: 1.0294
Pivot: 1.041
Our preference: Short positions below 1.041 with targets @ 1.032 & 1.03 in extension.
Alternative scenario: Above 1.041 look for further upside with 1.0445 & 1.047 as targets.
Comment: the RSI is bearish and calls for further downside.
http://cache.mail.yandex.net/mail/73...0129268028.GIF
Today, the price opened well below the daily pivot and rally straight down through the level of demand minor zone. Momentum seems the bigger seller to profit-taking at the level of demand mayor zone.
http://img208.imageshack.us/img208/7654/imageyr.gif
Continued today pair AUD / USD falling from 1.0461 levels initiator to penetrate the levels of 1.0380
SMA 55 higher price, and that means continuing pressure to complete the landing, but appeared slightly positive on the stochastic, which could push the price to fluctuate in the short period of time
Landing is still expected to continue in the coming period, as long as it did not penetrate the 1.0461 level
AUDUSD has been rejected by the 1.0337 support level. Now, AUDUSD has a potential to go up and reach the resistance level at 1.0421. But if AUDUSD can break 1.0337 support level, this pair will continue falling to the next support level at around 1.0252.
Spoiler: