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As you see in my following attached chart, the pair traded between a high of 0.9048 and a low of 0.8970 closed at 0.9032. Today the pair trades above the support level of 0.8930.
Upside Scenario: If the support level of 0.8930 holds, the pair could rise to the levels of 0.9060, then 0.9110.
Downside Scenario: In the case of a break below the support level of 0.8930 and we could see the levels of 0.8870 then 0.8830.
http://3.bp.blogspot.com/-moY918nqOd.../s1600/Aud.jpg
Aud/Usd: I am seeing an upside reversal of this currency pair if there is a correction , but buyers beware for the direction of the trend is still very strong on the short side . I will rather wait to re-enter short from 0.8921 to exit this trade at 0.8815
aud usd
We can see formation of a head & shoulder by the bottom. We expect to have rise with the price by breaking the neck line.
http://pcm-fx.com/englishforum/forum.php
http://pcmbrokers.org/pcmfileupload/...7518695911.gif
AUD / USD pair on the hourly chart has formed a clear converging triangle, this figure has a bullish bias occurs because the support area to the north (from 8930, 8977 to 9017) - the bulls continued active buying but for the further growth of the pair needs to break through the upper zone of medium-term fractals 9046 - profit in this figure by 9100.
Current Exchange Rate 0.9007 at the time of analysis update.
Outlook: Short term(immediate/next): Volatile Sideways. Near-term (immediate/next): Down / Volatile Sideways.
AUD/USD's Latest Analysis (August 26, 2013): A short-selling order at 0.9010 with a stop-loss at 0.9040 (-30 pips) and take-profit target first at 0.8965 (+45 pips) and then 0.8945 (+65 pips). Please note that the psychological level of 0.9000 may cause some unexpected volatile moves.
Today,Initial support at 1.0609 (May 27 low) followed by the 1.0510 (May 26 low). Initial resistance is now at 1.0758 (May 31 high) followed by 1.0877 (76.4% retrace of 1.1012-1.0441).
http://charts.mql5.com/2/362/audusd-...orex-group.png
we can see in the 1d chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 0.9193
rsi refers that the pair will go up
so our target buy from 0.9046 and our target will 151pips
Good luck
AUD/USD MT: DOWNTREND bias.
Pivot@ 0.9315
My Choice: Open SELL position beneath at 0.9315 with 0.8845 and 0.8580 in sight.
Alternate choice Conditions: Over 0.9315 search for further up-side to 1.0150.
http://dl.dropbox.com/u/51561036/scr...826-233020.jpg
the pair broke the down trend to up way in chart 1h
stochastic refers to up way
so the pair will continue to up way
http://www7.0zz0.com/2013/08/26/15/793791530.png
Aud/usd analysis for 08.26.2013 by using pivot indicator.
r3: 0.91358
r2: 0.90922
r1: 0.90586
pivot: 0.90150
s1: 0.89814
s2: 0.89378
s3: 0.89042