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Aussie is trading around the same levels since morning, attempting to gather some bullish momentum, where a break above 0.9880 may clear the way for the anticipated deeper correction towards 0.9950-0.9960 pivot before heading back to the downside .
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Recommendation : Based on the charts and explanations above, we recommend selling the pair below 0.9960 targeting 0.9900 and 0.9810. Stop loss above 1.0030.
Almost of signal stochatic indicator in all time frime showing at overbought area that confirmation price is being restrained after bounch up from 0.9814 yesterday. The power of trend that shown by tvi indicator is rising higher will support to price go up again. If price go up, it can touch weekly ressistance 1 level (0.9986) and otherwise it can down break dayly pivot level (0.9879).
my free zone to trade you can buy or sell here and your limits are
top point 0.9960
bottom point 0.9910
buy from 0.9960 your stop lose 0.9910 your target 0.9980
sell from 0.9910 your stop lose 0.9960 your target 0.9890
based on 9 indicators of monetary and fixed with 0.2% last month.
Daily 23% Fibonacci level at 0.9950 area can be made to the correction signal for the Aussie, closing in on that area, target the next correction to the 1.0050 area.
If this happened in the week to break a large area to the 1.0050 area before the mid of the week trade volatility in the Australian dollar movement will be more wide correction to 1.0122
the expected correction to the Aussie at least until this weekend.
Resisten : 0.9951, 0.9991
Support : 0.9836, 0.9761
Range : 0.9780 - 1.0001
In H1 chart of the pair, the price is in uptrend because it is above the Ichimoku Kumo Cloud and there is an uptrend. Based on these signals, I think the price will continue to be up in this session.
http://s18.postimage.org/cbjgtlant/image.jpg
The pair is attempting to regain the bearish momentum, where it reversed direction after testing areas below 0.9960 resistance. In general, we hold onto our suggested morning scenario unchanged.
http://i46.tinypic.com/2ni4co0.gif
Recommendation : Based on the charts and explanations above, we recommend selling the pair below 0.9960 targeting 0.9900 and 0.9810. Stop loss above 1.0030.
In asian market session yesterday, AUDUSD looks to move uphill, but in europe and american session price can not afford rose further and was eventually closed down at 0.9809.
Now the price goes down to near dayly support 1 point (0.9753) and will enter the oversold area in mbfx indicator (area 0.9755-0.9737).
I predict that price may reraced up after confirmation from signal stochastic in tf h1 move up.
0.9721 a ground area of the bottom of the movement of the Aussie towards 0.9644 0.9720-30 area which can be used as a signal korekasi when closing the week below 0.9644 area.
Correction is very difficult to confirm if the news from Europe it will hit the market risk appetite. Although less likely, but its correction signal remains at 0.9888 area, for this week.
Resisten : 0.9888, 0.9986
Support : 0.9736, 0.9682
Range : 0.9606 - 0.9808
Aussie maintains the bearish bias holding below 0.9800 resistance, thus the overall bearish bias remains intact, accordingly we hold onto our morning expectations , however, for the intraday bearish bias to remain dominant 0.9800 should limit any rally.
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Recommendation : Based on the charts and explanations above, we recommend selling the pair around 0.9815 targeting 0.9740 and 0.9700. Stop loss above 0.9885
usd contine a big side in trade.
that i think.
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