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during Asian Session, this Pair went Bullish and currently moving at range Area/Sideways Area. maybe this Pair will remain Sideways until London Session End, maybe American Investor and Fund Manager will make this Pair goes back to Bearish. we will see then..
Couple just came to the horizontal resistance of 0334, the pair shown strong growth in the North, and if the course will be able to overcome this level then it should be expected near the high of the week 0400 (figure), but when you stop and consolidation will sell with a short stop.
AUDUSD continues its upward movement from 1.0167, and reaches as high as 1.0472.
Further rise could be seen after a minor consolidation, and next target would be at 1.0550 area.
Support is now at 1.0385, followed by 1.0320, as long as these levels hold, the uptrend will continue.
There is a potential break scenarios AUDUSD hourly chart. We're waiting for the price to move above resistance at 1.0337, this level through the increase could continue test break 1.0366
Buy : 1.0270, 1.0214
TP : 1.0330
Stoploss : 1.0180
Sell : 1.0330, 1.0380
TP : 1.0222
Stoploss : 1.0404
Resistentent : 1.0380, 1.0424
Support : 1.0220, 1.0175
Range : 1.0190 - 1.0340
There is a potential break scenarios AUDUSD hourly chart.
We're waiting for the price to move above resistance at 1.0337,
this level through the increase could continue test break 1.0366.
Well, that struck next resistance level 0336, the couple left after the breakdown of a small correction, and is currently testing this level but as a support, the path to the north is free, hold a long position.
AUDUSD had a bearish momentum yesterday bottomed at 1.0235 but whipsawed to the previous day hit 1.0316. Bullish in nearest term testing 1.0340 to 1.0400.
aud/usd technical analysis by using : average directional movement index
adx : 29.8101
+di : 22.6261
-di : 11.1830
timeframe : 1 hour
time : 2000
date : 24.10.2012
AUD/USD dipped to as low as 1.0235 before recovering today. The break of 1.0292 minor support a rug es that rebound from 1.0148 is finished at 1.0410 already. But there is no sustainable selling in the pair yet. Thus, we'll stay neutral first. On the downside, below 1.0235 will turn bias to the downside for 1.0148