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I would like to analyze in long term view of the pair. The price is below the Ichimoku Kumo Cloud and EMA 200 in Daily chart. So, I think the price will continue to be down. The target for this decrease is about 0.9909
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AUD/USD resistance exist at 0.9950. I think this level will not break as already pair is over sold in daily chart RSI is reaching 30 level. Price is also out side of the Bollinger band . I think price will turn arround 0.1000
After reducing interest rate by RBA ,AUSSIE started to moving downside from 1.0400 and has been scaling down about 350 pips in seven days,now the pair has approached to significant support area at 1.0050 ,50 pips above the important and psychological level 1.0000 .also there is old trendline in daily timeframe that act as a support at 1.0050 area ,these supports could disrupt the powerfull downside trend of AUDUSD toward the parity temporarily .
RBA interest rate had played a very vital roll for aud and it has gone down up to 350 pips. but according to my stev line febo chart there is a possiblility to go up .. it can go up for 70-100 pips during us seasson . so recommended long order is could be
the descending movement of the price is dupported by the H4 supert trends line the bears are trying to break the 3/8 level one more time if the price stay below this level the price will continue falling down towards the 0/8 one
http://www4.0zz0.com/2012/05/09/10/944258075.png
The trading range for today is expected among the key support at 1.0000 and resistance at 1.0240.
The short-term trend is to the upside targeting 1.1079 so long as 1.0130 remains intact.
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Recommendation : Based on the charts and explanations above, we recommend buying the pair above 1.0000 targeting 1.0110 and 1.0200. Stop loss four-hour closing below below 1.0000
http://img718.imageshack.us/img718/3193/audusdh.png
As we see in the Weekly Chart , there is a very strong uptrend line , this pair now is approaching of it , i suggest to wait for this hitting of the trend , as the trend is very strong i expect this pair to correct its position and move up in a bullish channel , i think it will be huge profit on the long term when we buy this pair in the next few hours , Good Luck
AUD/USD now is up from asian market open some hour ago. The price opened at level 1.0050 retrace down from yesterday highest price in american session.
For technical analysis today :
ma 16 as short term trend indicator= consolidation
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.
The price now above ma 16 so if it going up may in 1.0072 as weekly support 1 level. level 1.0129 as monthly support 1 is the difficult level that touched today if price going up. If price going down can break or retrace in 1.0007 as dayly support 1.
I would like to analyze in H1 chart of this pair. The price made a long decrease from 1.0475. There is a Divergence on MACD. Moreover, the Kumo Cloud is flat. Therefore, I think the price will increase strongly soon.
http://s17.postimage.org/c0hd01au7/image.jpg
aud usd in forex trading start trading faster because the australian market is also faster than the others, usually in the morning aud movement looks a little more quickly than during the day when Europe and will be faster again in the evening on the market usa can we speed this movement take to make our way to take advantage through aud usd, but if we open the market should be trading at aud usd aud take profit at no more than 20 points to take profit and moved quickly to resume trading in usa session with a profit can be up to 30 point ..
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