From 04:02 23-Apr-2013 GMT
Till 08:02 23-Apr-2013 GMT
Sell
Sell at 1.0235
Take profit* at 1.0192
Stop loss at 1.0262
Printable View
From 04:02 23-Apr-2013 GMT
Till 08:02 23-Apr-2013 GMT
Sell
Sell at 1.0235
Take profit* at 1.0192
Stop loss at 1.0262
Calculation results Pivot Today
Resistance 2 = 1.0345
Resistance 1 = 1.0312
Pivot Point = 1.0273
Support 1 = 1.0240
Support 2 = 1.0201
see on it is showing the pair has succeeded in closing it's daily candle above level 1.0400 , and that's mean the up trend is still standing and the pair might head to 1.0460 and then 1.0500 :doubt::doubt:
I am long from 1.0235 and will add another long @ 1.0220. SL for both is @ 1.0180.
Tp around 50pips
Pivot levels today:
R3: 1.0377
R2: 1.0342
R1: 1.0304
PP: 1.0270
S1: 1.0232
S2: 1.0198
S3: 1.0160
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1.0100, but if it can break 1.0269 level, this may open the way to more rising to 1.0341.
AUD / USD Drops After Weak Chinese PMI Data
AUD / USD traded sharply lower after HSBC China PMI figures came out at 50.5 vs. 51.4 (approximate). The pair is trading around 1.0255 but quickly fell 30 pips to 1.0225 after the release area. U.S. dollar higher overall because market participants are flocking back to the greenback as a safe haven currency.
The index is still slightly bearish trend on the 1 hour time frame, while the index OB / OS neutral. Key support level at 1.0200, followed by 1.0160 which support critical pivot is the lower end of the trading range that has been established since June 2012. Move below here could pave the way for lower prices in the coming session as the next major support level around 0.9936 sat. Look for resistance near 1.0240 (previous support at 1 hour chart), followed by 1.0280 (previous support also the 1 hour chart).
Support: 1.0211, 1.0197, 1.0174
Resistance: 1.0285, 1.0271, 1.0248
Trend: Bearish
Overbought / Oversold: Neutral
same as the currency NZDUSD, AUDUSD currency pair shows the same situation, where the position of the time frame rates in a state h4 bearish srong, and I think AUDUSD will be able to go to support area 2 at 1.0195 price, if you want to do your buy order the price can be put on
hour shift on a pair of aud / usd pair in the southern trend, and shows that the divergence in the histogram is drawn, but as long as price is below 1.0275 mark think to buy early, as there is very strong resistance level, and if a foothold above that level then I think it is already possible to talk about the turn ..
Aud/usd pivot levels by using fibonacci pivot indicator.
r3: 1.0348
r2: 1.0320
r1: 1.0302
pivot : 1.0273
s1: 1.0245
s2: 1.0227
s3: 1.0198
The short term trend of the pair is to the downside. Intraday trading range of the expected among key support at 1.0135 and key resistance at 1.0355. According to my chart analysis, I prefer to selling the pair below 1.0245 with targets 1.0215, 1.0185 then 1.0135 and stoploss with four hour candle closing above 1.0310.