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U.S. Dollar: The dollar showed some strength and rose against most of the 16 most traded currencies as Federal Reserve Chairman Ben Bernanke warned that the U.S. economy could fall into recession, in case, if lawmakers would not decide on the so-called "fiscal cliff" problem.AUDUSD
The pair couldn’t break 1.04407 and rolling back to 1.03535. If the pair breaks this level the pair will decline to 1.02558.
Resistance: 1.04407, 1.05332, 1.06164
Support: 1.03535, 1.02558, 1.01744
The pair couldn’t break 1.04407 and rolling back to 1.03535. If the pair breaks this level the pair will decline to 1.02558.
Resistance: 1.04407, 1.05332, 1.06164
Support: 1.03535, 1.02558, 1.01744
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Oscillates AUD / USD at around 1.0365, still below SMA 50, while Stochastic is trying to support the price.
Neutrality is still ongoing until we have more accurate signals of direction
Today's trading between support at 1.0200 and resistance 1.0500
On the H1 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 1.0335/1.0283
AUDUSD pulled back from 1.0423, suggesting that the peak of the cycle is being formed. However, the decline is likely consolidation of uptrend from 1.0287, another rise towards 1.0480 is still possible.
H4 Candlestick Chart indicates the pair is down trend, MA(10) & MA(20) indicates the pair is down trend, MACD(12,26,9)indicates the pair is down trend,RSI(14)indicates the pair is down trend & Stoch(5,3,3) indicates the pair is down trend
My preference: If the price below 1.03410, It may be touched 1.03217
Alternative: If the price above 1.03632, It may be touched 1.03825
(Trade your own risk & analysis)
http://i1311.photobucket.com/albums/...psda4de290.jpg
Support & Resistance 21/11/2012
S3 1.0288
S2 1.0314
S1 1.0340
R1 1.0408
R2 1.0434
R3 1.0460
Australian Dollar moved downwards just as we expected. but then we can expect it to continue falling down.
the chart structure indicates that a predicted target is at 1.0270.
Aud/usd technical analysis for 22.11.2012 by using : Auto pivot indicator.
resistance 3:1.0458
resistance 2:1.0427
resistance 1:1.0398
pivot point :1.0367
support 1:1.0338
support 2:1.0307
support 3:1.0278
aud/usd technical analysis by using : average directional movement index
adx : 36.4832
+di : 23.1529
-di : 14.3551
timeframe : 1 hour
time : 0600
date : 22.11.2012
Spoiler: