The pair is moved down to test the support on10.0928
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 1.0945
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The pair is moved down to test the support on10.0928
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 1.0945
I think it will be 0.0928 instead "10.0928" . anyway its really confusion movement now of aud/usd and i think monday it will be clear of trend . for me this pairs is going high level this years and still i am confused about what happen this week but think monday it will give us some idea.Quote:
Originally Posted by ganguly
i think we can see down trend in this pair...
wait for tuesday...tuesday its give more clear information....
rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. Such up trend should now target 100% projection of 0.6008 to 0.9404 from 0.8066 at 1.1462
upside target at 1.1060 (61.8% projection of 0.8066-1.0257 measuring from 0.9706) and may extend gain to 1.1195/00.
Aussie inclined sharply last week against its major counterpart the U.S. dollar and other majors after the Australian economy reported that the consumer price index rose more than expectations in the second quarter of this year, increasing the pressure on the RBA to increase the borrowing costs during this meeting.
traders on this pair should go for short positions below 1.0775 levels with targets at 1.065 and 1.0605 in extension.
but if the pair go over 1.0775 look for further upside with 1.0815 & 1.088 as targets.
the pair as we can see on the chart has success in breaking the level of 1.0700 , that's mean the down trend is standing and the pair might head to 1.0670 then 1.0640
Last week, I said it was good to go long on this pair. I had a long trade here. Why? It was because the price action confirmed it: there was no other reason. However, it may be too late to go long right now.
i think traders on this pair can go long positions above 1.068 with targets at 1.079 and 1.088 in extension.
and if the price move under 1.068 look for further downside with 1.065 and 1.059 as targets.
good trade