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Pair has a pretty long tapering form a triangle, and that prices are now trading in a very narrow range of prices, so it is expected that in the near future will be the acceleration of prices, I think that the pair will continue its journey north to 1.0600 ..
aud/usd market analysis based on moving averages on 01.11.2012 at 0900 hrs and 15 minutes timeframe
ema5 : 1.0372
ema10 : 1.0369
ema20 : 1.0369
ema50 : 1.0371
The Australian dollar edged lower against its U.S. counterpart on Thursday, as ongoing concerns over financial troubles in Spain and in Greece continued to weigh on market sentiment.
AUD/USD hit 1.0355 during European morning trade, the daily low; the pair subsequently consolidated at 1.0360, falling 0.14%.
The pair was likely to find support at 1.0330, the low of October 30 and resistance at 1.0412, the high of October 18.
Investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
The Aussie found some support however after official data showed that China’s manufacturing purchasing managers’ index came in at 50.2 in October, up from 49.8 in September, just slightly below forecasts for a reading of 50.3.
A separate report showed that the final reading of China’s HSBC PMI came in at 49.5 in September, an eight month high.
China is Australia's biggest export partner.
In Australia, official data earlier showed that import prices fell more-than-expected in the third quarter, declining 2.4% after a 2.4% rise in the previous quarter.
Analysts had expected import prices to tick down 1.2% in the third quarter.
aud/usd Keep on the stability above 1.0365, and SMA 50 continues to provide good support for the price from the bottom, which keeps our expectations for the bullish trend based on instantaneous and short-term.
AUD/USD
SELL
Entry :- 1.03720
TP1 :- 1.03117
TP2 :- 1.02516
SL :- 1.04931
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend
AUDUSD is facing 1.0410 resistance again, a break above this level could signal resumption of the uptrend from 1.0149,
then further rise towards 1.0500 could be seen.
Support is at 1.0304, only break below this level could trigger another fall towards 1.0000.
aud/usd oscillates near the level of 1.0365, accompanied by stochastic directed towards oversold levels, and this is what supports our positive expectations for the day, which remain valid and effective unless it is broken 1.0350-1.0300 levels
AUDUSD likely price movements towards 1.0384 resistance if the news was released to the U.S. dollar negatively impacted.
aud/usd technical analysis by using : average directional movement index
adx : 27.6937
+di : 21.3276
-di : 16.9114
timeframe : 1 hour
time : 2000
date : 01.11.2012
Elliott: elongated flat correction up 1.0453
Currently uptrend should end around 1.0406 - 1.0423 area. A correction down to below 1.0368 is expected. A rise above 1.0443 will abort the expected correction.
Technical points
Key point 1.0421
Entry point 1.0385
Elliott 1.0306
Closing 1.0402
Projection 1.0453
Trendline 1.0366
Trendline 1.0370
Supports / Resistances
Res 2 1.0443
Ex-High 1.0410
Res 1 1.0423
Pivot 1.0389
Sup 1 1.0368
Ex-Low 1.0355
Sup 2 1.0334