today i like to buy this pair @ 0.9170
my stop loss of the day @ 09144
half take profit for today @ 0.9200
and further half take profit @ 0.9235
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today i like to buy this pair @ 0.9170
my stop loss of the day @ 09144
half take profit for today @ 0.9200
and further half take profit @ 0.9235
The choppiest of two weeks in aussie dollar currently but I still expect it to continue towards the upside for atleast a test of 0.9626 and then i would surely call the end of wave B and then the powerful wave C of the last leg lower towards possible 0.8450 if you are looking for A=C scenario but it can be extended at 1.618 and easily towards 2.618 and that will be the long term bottom for australian dollar and much wanted correction of large cycle and whereever the bottom might be placed we should be looking for a long term
regards
As you see in my following attached chart, the pair traded between a high of 0.9259 and a low of 0.9085 closed at 0.9251. Today the pair trades above the support level of 0.9110.
Upside Scenario: If the support level of 0.9110 holds, the pair could rise to the levels of 0.9270, then 0.9320.
Downside Scenario: In the case of a break below the support level of 0.9110 and we could see the levels of 0.9050 then 0.9000.
http://3.bp.blogspot.com/-RMArLEqPlO.../s1600/aud.jpg
The pair bounced off the upper limit of the downward channel and delicate EMA 8 and 20 from top to bottom was supported EMA20, which still shows a negative slope, which suggests that the pair will go to the bottom of the channel.
Of course we should not forget that today, Bernanke and enter the market in this case is quite risky. And because I'm still on this pair out of the market.
Aud/usd pivot levels for 17.7.2013 by using fibonacci pivot indicator.
resistant 1:0.9372
resistant 2:0.9305
resistant 3:0.9264
pivot point :0.9198
support 1:0.9132
support 2:0.9091
support 3:0.9024
Sabhi members ko ya post karne ke liye swagat karta hoon. AUDUSD pair tried to penetrate the support point 1 in number 1.0572
My advice: sell if the price penetrates a support point,
pair red above 0.9200
the Aussie dollar is trading on the back foot today
that driving the pair to it,s first pullback
The pair started growing again (after a slight rebound from the medium slope resistance), the course has just started to break through this mark but there is still resistance to the horizontal and 9260 - a breakthrough that should be a signal to buy, which opens the target area 200 MA-9330 mark.
AUDUSD potential bottom - Broadening Wedge. Big resistance overhead 0.9330/415 (Nov'09, Apr'10, Oct'11 supp/res)
http://charts.stocktwits.net/product...jpg?1374068273
time frame- M30
the macd indicator is showing us up trend movement direction and this is also break the resistance at 0.9240 but now the rsi indicator is over bought with rsi indicator. we can long this pair with the take profit 0.9315 and stop loss at the 0.9220
good luck.