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The pair started the correction after a good growth, and reached the support level 0.9120, breaking it a couple tries to consolidate below it. Guess rebound from this level of support and the pair attempt to resume growth in the direction of the resistance level of 0.9170.
Analysis for today11/12/2013
Resistance4: 0.9327
Resistance3: 0.9276
Resistance2: 0.9234
Resistance1: 0.9176
Pivot Point: 0.9121
Support 1: 0.9074
Support 2: 0.9023
Support 3: 0.8977
Support4: 0.8924
Good luck
Daily analysis for AUDUSD, irregular flat correction up 0.9210 close to daily pivot point 0.9131
Elliott 0.8990
Closing 0.9151
Ex-Low 0.9076
Ex-High 0.9167
Support 1 0.9095
Support 2 0.9040
Resistance 1 0.9185
Resistance 2 0.9221
Today 11/12/2013
Resistance and Support
R3: 0.9298
R2: 0.9245
R1: 0.9176
Pivots: 0.9113
S1: 0.9081
S2: 0.9035
S3: 0.8988
Date: 11-12-2013
indicators today : up
if price break up :0.9111
the pair will go to :0.9160
and then go to level :0.9210
http://s30.postimg.org/wu4arkbk1/screenshot_163.png
The intraday bias seems AUD / USD is still trying to test the downward trend but still must be careful considering bullish convergence condition in corrections, to the downside should be contained by the projection of 0.9157 from 0.9130 to 0.9066 at 0.9039 and bring rebound. Above 0.9135 will turn bias back up to 0.9185 resistance zone.
in 1h chart
today i will sell this pair from :0.9112
our stop loss today : 0.9190
half take profit for today :0.0.9050
and our take profit2 :0.8960
Our outllok stays same as yesterday and as quoted below.
Previous Analysis (December 10, 2013): Support is expected to hold at 0.9080 and with that upward moves are expected towards 0.9150 or more. A strong resistance may come at 0.9168 and considering the lack of good risk-reward ratio, we stay neutral.
Fibonacci pivot point
Pair = AUDUSD
Resistance 3 = 0.9221
Resistance 2 = 0.9186
Resistance 1 = 0.9164
Pivot Point = 0.9129
Support 1 = 0.9094
Support 2 = 0.9072
Support 3 = 0.9037
Result this day Wednesday, December 11, 2013
aud/usd
pp=0.9111
r1=0.9116
r2=0.9124
r3=0.9129
s1=0.9103
s2=0.9098
s3=0.9090