Aud/Usd

Aud/usd technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:1.0434
resistance 2:1.0388
resistance 1:1.0327

pivot point :1.0281

support 1:1.0220
support 2:1.0174
support 3:1.0113

the pair stop drop yesterday exactly when support sub bullish trend that shows the image, to return the price and trading above the moving average 50 of the serious

http://i49.tinypic.com/33cvk89.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 1.0300 with targets 1.0385, 1.0400 then 1.0440 and stoploss with four hour candle closing below 1.0260.

Expected trading range for today is between: Support 1.0200 and resistance 1.0440
General tendency is expected for the day: UP

aud/usd high impact ...at time 04.00 am to 16.00 Pm
buy alert...

The AUDUSD declined sharply on Tuesday but was able to close above the 61.8% retracement of the rally from 10148. Pattern since the 9/14 high isn’t easily decipherable from a structural point of view and may very well compose part of wave E of a triangle that began at the 2011 high. Weakness below 10148 would shift focus to 9968/79. Strength above 10411 would face resistance from the 61.8% at 10442.

Forex Trading Strategy Implications: The implications from wave E of the triangle or for lower prices, probably just under parity. Whether that decline occurs from the current level is up in the air.

LEVELS: 10000 10148 10192 10320 10364 10411

Couple on the hourly chart has formed a very clear resistance level 0316, and for several hours settles there probably will rebound from it, keep selling, stop, point-above 0320 coup.

Only that the rate still managed to break through short-term resistance level of 0315 but it is not enough for shopping, there is still one strong resistance level of 0335 that still has a good chance to turn south.

The Australian dollar rose against its U.S. counterpart on Wednesday, after upbeat economic data from Australia, although concerns over the debt crisis in the euro zone continued to weigh.

AUD/USD hit 1.0318 during European morning trade, the session high; the pair subsequently consolidated at 1.0313, climbing 0.45%.

The pair was likely to find support at 1.0236, Tuesday's low and resistance at 1.0376, the high of October 2.

Official data earlier showed that consumer price inflation in Australia rose by 1.5% in the third quarter, beating expectations for a 1.1% rise, following an increase of 0.5% the previous quarter.

A separate report showed that trimmed mean CPI rose more-than-expected in the third quarter, ticking up 0.7% after a 0.5% rise the previous quarter.

Analysts had expected trimmed mean CPI to rise by 0.6% in the last quarter.

The Aussie was also boosted by data showing that China's HSBC manufacturing purchasing managers' index came in at 49.1 in October, compared with a final reading of 47.9 in September.

China is Australia's biggest export partner.

Concerns over the worsening of the euro zone's debt crisis re-emerged however, after Germany’s flash manufacturing purchasing managers' index fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Australian dollar pair continues against the U.S. dollar positively since the morning and is now near the strong resistance level of 1.0325, which continue in the upward trend for the day and will open the way to test the next resistance level at 1.0381
Support 1.0179
Resistance 1.0381