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elliott flat correction up 1.0530
current rise seems to be over near 1.0475 0r 1.0499 for a retracement toward 1.0452 - 1.0440 area
technical points
key point 1.0509 - entry point 1.0455 - elliott 1.0385 - closing 1.0457 - projection 1.0504 - trend line 1.0427
date- 14-2-2013
technical pivot point are-
resistance 3 - 1.0446
resistance 2- 1.0406
resistance 1- 1.0385
pivot point- 1.0345
support 1- 1.0324
support 2- 1.0284
support 3- 1.0263
AUD/USD intraday: further upside.
Pivot: 1.032
Our preference: Long positions above 1.032 with targets @ 1.038 & 1.04 in extension.
Alternative scenario: Below 1.032 look for further downside with 1.0295 & 1.0255 as targets.
Comment: the pair stands above its support and remains on the upside, the RSI stands around its neutrality area.
buy aud/usd at the level 1.0335 with targets at 1.0390 and 1.0420, but in case of breaking th level 1.0295, then sell below this level with targets at 1.0215 and 1.0190
aud/usd technical analysis by using :adx
adx : 18.0447
+di : 11.5248
-di : 18.7548
timeframe : 1 hour
date : 14.02.13
The price keep moving down to filled up the corrections process, and now it is testing pivot 1.0346. If it manage to breakthrough then price will touch support 1.0326. A downtrend is still good at now till it arise and broke resistance 1.0388.
The current trend down movements. but the price break movement so better so better just check out this pair if buy it from my personal opinion and i will follow this strategy..
The value of AUD and USD pair quoted as 1 Australian dollar equal to X US dollar. Trading the AUD/USD currency pair is also known as trading the "Aussie" which is affected by many factors. Like negative correlation with the USD/CAD , USD/CHF and USD/JPY
this pair is rejected form the 1.0360 and now the moving average is also providing the resistance at 1.0355 but lower side the price is hold at 1.0324. it this support is break we can short this pair. this will be break because it is in down trend. short with the target 1.0300
date- 15-2-2013
technical pivot point are-
resistance 3 - 1.0421
resistance 2- 1.0395
resistance 1- 1.0377
pivot point- 1.0351
support 1- 1.0333
support 2- 1.0307
support 3- 1.0289