the pair could cover resistance 0.9734
the AUD /USD is in progress of eroding the 2012 lows
this suggest to them another leg lower is underway to .9404/0.9388
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the pair could cover resistance 0.9734
the AUD /USD is in progress of eroding the 2012 lows
this suggest to them another leg lower is underway to .9404/0.9388
the momentum of buying will lead the movement to up trend to reach 1.0320. perhaps the buying is should with a appropriate stop loss level and target equal 25 pip at least.
the pair could cover resistance 0.9734
the pair is in process of eroding the 2012 lows
this suggest of them another leg lower is underway to 0.9404 /0.9388
the inter year pivot and our medium term downside target
I see the pair will go to up way to 1.1989
stochastic refers that the pair will go up
so our target buy from 1.1889 and our target will 100pips
Good luck
AUD/USD breaks through 0.9593 to resume the fall from 1.0581 and reaches as low as 0.9527 so far. 0.9588 key support level was also taken out. Intraday bias is back on the downside and current decline should target next key support level at 0.9387. On the upside, above 0.9695 is needed to signal short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
AUDUSD,H1
Date 2013.05.30
Time 01:00
Open 0.9632
High 0.9635
Low 0.9630
Close 0.9633
Volume 54
SMA(5) 0.9635
SMA(10) 0.9631
SMA(20) 0.9606
SMA(50) 0.9621
SMA(100) 0.9640
SAR 0.9601
Indicator window 1
Stoch(5,3,3) 50.6494
Signal 59.4808
Indicator window 2
RSI(14) 57.2943
Indicator window 3
MACD(12,26,9) 0.00074
Signal 0.00039
Indicator window 4
%R(14) -35.2941
based on combination of indicators above,
trend : NEUTRAL
AUD/USD
The Camarilla Pivot Point Levels of AUD/USD for today.
Resistance 4= 0.9704
Resistance 3= 0.9669
Resistance 2= 0.9657
Resistance 1= 0.9645
Pivot point= 0.9610
Support 1= 0.9621
Support 2= 0.9609
Support 3= 0.9598
Support 4= 0.9562
Suggestion:
We recommend that you don’t trade in area 0.9621 - 0.9645.
Beware if the price break 0.9657, It’s most likely that price would be bullish to 0.9669 or 0.9704. Conversely, if the price penetrate 0.9609, it is most likely that prices will continue to bearish the 0.9598 or 0.9562.
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elliott irregular flat correction down 0.9554 while below 0.9656 - 0.9675 it might frop to 0.9576 or 0.9536
res2 0.9735
res1 0.9675
pivot 0.9636
sup1 0.9576
sup2 0.9536
the pair will go to down way to the down trend line
i see the pair will go to down way to 0.9458
stochastic refers that the pair will go down
so our target sell from 0.9658 and our target will 200pips
:peace::happy: