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“The AUDUSD continues to drift higher after trading to 20 day lows on 10/8. The technical condition is similar to December 2007 and February 2010 with respect to short term volatility figures and price rebounding from 20 day lows. In both instances, the AUDUSD continued higher. 10330/50 (former support, 38.2% retracement, 20 day average) is of interest as long as price is above 10148.” Bullish risk can be moved to Monday’s low (10200). Buying at current levels is viewed as high risk however with the presence of trendline resistance. 10235 is potential support.
LEVELS: 10148 10200 10235 10293 10330 10402
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Price finally came out of a converging triangle, the northern boundary was broken, now the pair continues to grow at a good speed, 200 moving also become a big nuisance of sale can be forgotten, the goal level of 0450.
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this time sell for this day.because the currency has reached a limit up in the indicators I use, and this requires that the currency pair is to make a downward correction before continuing pullback up to form a zigzag top
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AUD/USD extends gains to 1.0375, highest since Oct 1st
The Aussie's bullish movement from the 1.0300 zone has extended gains after breaking up the 1.0350 resistance to reach the highest level since October 1st at 1.0375. Currently the pair is pushing higher with 0.95% gains so far today.
According to the FXstreet's Forex Studies, indicators are bullish in 1 hour chart (Momentum, CCI and MACD) but in 1-day chart, Momentun is still bullish but MACD and CCI are bearish.
Resistances lie at 1.0400 (Oct 1st high), 1.0425 and 1.0450. Supports could be found at 1.0320, 1.3000 and 1.0290.
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Buy signal generated on AUDUSD daily chart.
Buy near 1.0240
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The AUDUSD continues to drift higher after trading to 20 day lows on 10/8. The technical condition is similar to December 2007 and February 2010 with respect to short term volatility figures and price rebounding from 20 day lows. In both instances, the AUDUSD continued higher. 10330/50 (former support, 38.2% retracement, 20 day average) is of interest as long as price is above 10148.” Bullish risk can be moved to Monday’s low (10200). Buying at current levels is viewed as high risk however with the presence of trendline resistance. 10235 is potential support.
LEVELS: 10148 10200 10235 10293 10330 10402
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Aud/usd technical analysis for 18.10.2012 by using : Auto pivot indicator.
resistance 3:1.0546
resistance 2:1.0468
resistance 1:1.0426
pivot point :1.0348
support 1:1.0306
support 2:1.0228
support 3:1.0186
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I think AUDUSD still in the bullish trend until now. Beside that, this pair still moving above the 1.0337 support level. I think AUDUSD will continue going up to the resistance level at around 1.0421 or higher if only AUDUSD can break the yesterday's high at 1.0388
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The pair was able exceeded the level of 1.0365, followed by a daily closing above it, which is a positive sign supports our positive expectations, which now require penetration retest level that rises to 1.0410
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http://i45.tinypic.com/wuno90.gif
The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.0220 and key resistance at 1.0465. Based upon my chart analysis, I prefer to buying the pair above 1.0340 with targets 1.0385, 1.0400 then 1.0440 and stoploss with four hour candle closing below 1.0285.
