daily overview for Aud-Usd
r3: 0.7784
r2: 0.7731
r1: 0.7659
s1: 0.7534
s2: 0.7481
s3: 0.7409
the pair broke the channel to up
so our trade for the pair is buy
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daily overview for Aud-Usd
r3: 0.7784
r2: 0.7731
r1: 0.7659
s1: 0.7534
s2: 0.7481
s3: 0.7409
the pair broke the channel to up
so our trade for the pair is buy
after a look on the screenshot we can see the pair has ended it's daily candle under the level of 0.7671 , and that's mean that the down trend is still standing and the pair might reach the level of 0.7471 today just if does not reached it tonight .
Australian dollar against the US dollar is now attempts to break the level of 0.7558, and as we pointed out in the morning, this represents the fracture is an important factor to confirm the continuation of the bearish trend is expected to intraday and short term, and provides a stochastic signal negative crossover enhance the chances of achieving our goals, which begins at 0.7400 and extends to 0.7200.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Seen stochastic start pointing up, but if the market can break below 0.7609, the market will retest the support at 0.7551
Recommendation: Sell stop at 0.7595
Stochastic provides a negative signal and a clear time frame for four hours reinforce expectations decline, with a reminder of the importance of stability below 0.7735 to maintain chances of achieving the proposed goals.
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Expected trading range for today is between: Support and Resistance 0.7450 0.7670
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The tendency for this year is expected today: Down
Australian Dollar Currency Asian market fell on Wednesday against a basket of major currencies on the impact of weak data in China's largest trading partner, the Australian economy showed a slowdown in the growth of the second largest economy in the world during the first quarter
On the other side, the US dollar Yesterday saw the release of core retail sales, which rose by 0.4% less than expected, which was monitored by a height of 0.7% of the results
Also recorded retail sales of non-core rose by 0.9% less than expected, which was monitored by a height of 1.1%, were also the main producer price index figures, which rose as expectations were 0.2% on a monthly basis, while non-essential PPI rose 0.2 % less than expected, which was monitored rising by 0.3% on a monthly level of
Today promptly at 12:30 GMT, Empire State Manufacturing Index and forecasts will be issued to indicate a height of 6.9 to 7.2 on a monthly basis and will be released at 13:15 the rate of growth in industrial production sector is forecast to shrink by 0.3% on the level Monthly
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*Art: after the pair today breaking levels uptrend on the impact of negative data from the Chinese economy during the last period was able to pair today fall again to lose the gains of the entire day yesterday and up to 0.7580 levels due also Chinese growth, which showed a slowdown in the first quarter of this year We expect further declines today for the pair until 0.7530 levels and 0.7515 stop losses shut again within the uptrend broken.
pair- aud/usd
time frame to analysis- m15
http://i62.tinypic.com/2eoziba.jpg
the up movement of the price is moved to the fibo resistance level 78.6 at the price 0.7635. its making doji patterns and followed with bearish candle. the rsi is near to overbought level 70. its down movement can expected. short with profit target at 0.7575 and stop loss at 0.7643
good luck
Australian dollar versus the US dollar appears sideways trading since morning, maintaining the stability below SMA 50, which lasts clicking negatively on intraday trading, to support the forecast trend downward in the coming period, waiting for a break of 0.7558 to confirm open the way to 0.7400 and then 0.7200.
Stochastic is still negative and supports the proposed decrease, which requires continuation of stability below 0.7735.
Expected trading range for today is between: Support and Resistance 0.7450 0.7670
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: After reject in the third resistance at 0.7778, then the market will go to the previous resistance at 0.7699 which has not been corrected
Recommendation: Sell, safe target, at 0.7729
daily overview for Aud-Usd
r3: 0.7857
r2: 0.7778
r1: 0.7729
s1: 0.7601
s2: 0.7522
s3: 0.7473
the pair broke the channel to down
so our trade for the pair is sell
Spoiler: