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The Australian dollar rose during the Asian trading on Tuesday against the basket of major currencies after data showed a rise in housing loans Sydney during March to 1.6%, while it was expected to stability by 1.1% and wait for the day also from Australia at 9:30 am GMT the issuance of the annual budget report
Daily Forecast
Major Trend: sideways
Time Frame: H1
Reason: Seen that Fibonacci 161.8 has been broken twice. Bet the market will go in the 261.8 Fibonacci 96.97
Recommendation: Buy stop at 95.70
Technically: - was completed be bullish triangle pattern on the pair yesterday after the third be the focal his upper ribs.
Where the upper leg of the triangle is located about 95.92 Resistance prices, which have been by 3 Artkazat
Spaced from each other equally, and is almost clear shutdown next four hours candle Nilai
In light of this strong bullish break, so we believe that the closure of four hours candle 95.92 higher push for more
Climb towards the resistance located about almost 97.40 price.
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We returned the price of the pair to make new positive trading in its stability above the level of 94.60, which currently constitutes the main support is clearly drawing attached, so expect an extension of trading in the coming period to record more profits starting from the level of 23.6% Fibonacci and represented about 99.40 and then to continue to try to test resistance at 103.20.
Price derives its intention rookie of the arrival of the stochastic overbought level to support the continued attempt to record previously expected earnings and in line with the positive moving average 55 due to the support level of 94.60 firmly in front of the current bullish trading.
Expected trading range for today between 95.50 and 99.40
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the stochastic began to lead ketas accompanied reject pivot point at 96.19. The target area is likely to be on top of the second resistance at 97.09
Recommendation: Buy
Australian dollar fall during the evening session after the company of Western Australia-published epicenter of the mining boom that kept the country far and without affected by the global recession, which happened in 2008-2009- budget numbers. Group expected record deficit of A $ 2.7 billion in fiscal year 2015-2016, up from 1.29 billion Australian dollars in the year 2014 to 2015, it reported that revenues could fall by 2.7% after Khosadtha additional 3.3% in the twelve months Alsabakh.hoy Australian dollar During the evening session after the company published the Western Australia-focus the mining boom that kept the country far and without affected by the global recession, which happened in 2008-2009- budget numbers. Group expected record deficit of A $ 2.7 billion in fiscal year 2015-2016, up from 1.29 billion Australian dollars in the year 2014 to 2015, reported that revenues could fall by 2.7% after Khosadtha additional 3.3% in the previous twelve months.
pair- aud/jpy
time frame analysis- m15
http://i61.tinypic.com/9vkyuo.jpg
the price is moving in the down trend channel pattern with having resistance at 96.10 level and support at 95.80 level. the price now at the support side but may not able to break because stoch is showing overbought. hold the short entry with stop loss at 96.25
good luck
The Australian dollar rose AUD to its highest level at 0.8164 area, but the sharp decline subsequent from this summit clearly reduced the upward momentum. "" Fracture below the 0.8020 area is sufficient indication that our point of view emerging in the Australian dollar AUD incorrect. "" Pressure on short-term is still bearish trend towards, and only a breakthrough 0.8105 area up will ease the pressure refers to the downside.
I think that after breaking the support level at 95.88, we can get in short position with take profit at 94.38.
http://img.prntscr.com/img?url=http:...om/YeTz97k.png
Spoiler: