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Its getting another pressure after the bad report from reatil sales. My 1st target for downward movement is 0.9745. I expect some correction at that level for about 15 pips. If this pair could manage to rebound for more than 50 pips, it means that, its still safe for consolidation.
This pair showing downward movement. Short position is preferable at 0.9835 with target at 0.9745 and 0.9710. If if goes to above 0.9835 then its movement can goes to uptrend with target 0.9882 and 0.99.
The pair continued sliding after clearing the key support of the suggested symmetrical triangle pattern hinted this morning. Now, Stochastic may cause a retest of this broken support before resuming the downside rally. Our bearish classical scenario remains valid for the rest of the day and a breakout below 0.9750 will confirm and accelerate.
http://i46.tinypic.com/2vvs591.png
Recommendation : Based on the charts and explanations above our opinion is, selling the pair around 0.9830 targeting 0.9660 and stop loss above 0.9965 might be appropriate.
AUDUSD still on nice bearish, I see. The more bearish look here and look to become strong after truly then price can break down more that Low fibo 0.9689 of course. If that happen = I see the sell Op can be nice action then. of course, please use the Sl, I see the nice SL can be placed on above the price 0.9770. Then, I see too that this bearish also still supported by the stoch condition, we can see truly that stoch till now = yes = still on bearish movement, of course.
[IMG]http://i.imgur.com/RzFja.gif[/IMG]
Bad and Good news for Aussie just realesed. Afterall, its rejected by the support level of 0.9665. Well, I expect this pair could make more correction at least, until its touched 0.9785. The scenario will be fail only if this pair went lower than 0.9600
Aussie is currently monitored at the level of 0.9713 dollars.
Aussie position is positive compared to the close of trading early this morning at the level of 0.9705 dollars.
This morning the Australian dollar has tumbled to the position of 0.9673, the lowest since the last date of 25 November 2011.
Looking to bearish movement. Short position is preferable at 0.0975, target at 0.0965 and 0.0962. Other wise if it will go above 0.0975 then expanded price targets 0.0981 and 0.0986.
The pair has started to correct some of the recent losses, where RSI continues to provide a bullish divergence, while Stochastic has turned positive, thus we may see an extension of the current correction towards the descending resistance colored in green.
http://i50.tinypic.com/4ubdpd.jpg
Recommendation : Based on the charts and explanations above, we recommend buying the pair above 0.9700 targeting 0.9800 and 0.9850. Stop loss below 0.9650.
aud/usd formed a reflection candle on the 1 hour frame
i think Aud/ usd will correct from this prices up for about 75 pips
we have to wait the important news today before opening any deals
Let's have a look at the H1 chart of the pair. The price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200. So, I think it will be down now.
http://s18.postimage.org/yzcjsimah/image.jpg