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Today, the price jumped from 38% Fibo than formed a new upward channel. On the rebound from the support line channels + 23% fibo buy a pair of goals Census maximum. After breaking a couple who buy a retest on the line with the objectives of the channel resistance. After breaking through the support line of the channel + 23% fibo sell a pair of goals 38 and 61% fib.
Break of 0.9024 resistance may see it rise to around 0.9064. Price is clearly above 20sma and CCI still above point 100 which indicate more bullish pressure may still occur.
In a short-term view GDP growth seems to be lower than trend"
Reserve Bank of Australia has published a statement on Tuesday and there are some important notes:
- In a short-term view GDP growth seems to be lower than trend;
- Volatility on financial markets impacts developing economies;
- Inflation stays steady in most of countries;
- Commodity prices stay high;
- AUD exchange rate stays high.
On the daily chart shows the formation of a converging triangle, a pair of aud / usd there was a retreat from the lower end of this triangle 88.90, now is the formation of the new northern waves, as can be seen the course has a good potential move up to the upper boundary of the triangle (the point of tangency 9120) + are working on dual divergence MACD.
today i like to sell this pair @ 0.9037
my stop loss of the day @ 0.9057
half take profit for today @ 0.9017
and further half take profit @ 0.9000
As I have told, AU start showing weakness @78.6 retrace. I added short there. I will add more short if it reach 88.6 retrace which it miss for few pips. Target is 150 pips at least.Quote:
Originally Posted by sajibarafatsiddiqui
Attachment 8886
Couple this with the start of the trading week continues to show growth, the rate of moving confidently overcame an alligator (which in turn is fully turned to the north), continue to develop and stochastics buy signal on the daily chart, as long as the pair is limited to medium-term resistances of 9066 - the breakdown of which will open the 9220.
AUD USD’s trading still stuck between the confirmation levels of the trend which are represented by 0.9040 resistance and 0.8900 support - which represents the previously breached bearish channel’s resistance-, keeping our neutral attitude valid for today an d we are waiting for breaching one of these levels. Note that breaching the mentioned resistance will open the way towards visiting initially 0.9250, while breaking 0.8900 will turn the pair to the short term bearish track again.
http://charts.mql5.com/2/424/audusd-...orex-group.png
Current price: 1.0202. Aussie extended is overwhelming rally to a fresh multi decade high at 1.0256 past week, ending 2010 on a 3-week winning streak.
Valeria Bednarik, Chief Analyst at FXstreet.com commented: "Slightly oversold yet still bullish according both to 1 and 4 hours chart, the pair is being guide by the 20 SMA in the 4 hours chart that continues acting as dynamic support in the cross right now at 1.0160".
She also added: "With stocks starting the year at strong highs and gold barely below $ 1420/oz, midterm bias remain bullish as well as short term one, with parity now as key support on corrections".
Support levels: 1.0190 1.0160 1.0120, Resistance levels: 1.0220 1.0260 1.0300
http://www.fxstreet.com/news/forex-n...9-220f3283ac22
AUD/USD pair is now bullish power. The price already breakout daily resistance 1 level (0.90282). I think the price may touch daily resistance 2 level (0.90651).
http://i1311.photobucket.com/albums/...ps67edde03.jpg
The following data is predicted based on indicators that we use for the currency pair AUD/USD today, for today's support and resistance levels as follows: (R3=0,9109), (R2=0,9061), (R1=0,9019), (Pivots=0,8971), (S1=0,8929), (S2=0,8881), (S3=0,8839)
recommendation:
place your sell stop at 0,8951 target profit at 0,8931 (Seller zones)
place your buy stop at 0,8991 profit target at 0,9011 (buyer zone)