Thread: Aud/Usd
The Aussie has lost a further 40 pips in London. Traders have pushed through the over night lows of where business was done at 1.0178, after the sell-off in Asia when RBA in fact decided to cut by 25 basis points. The RBA, following in suit of the ECB, were able to cut because of recently low inflation data.
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Our preference: Short positions below 1.02 with targets @ 1.0125 & 1.011 in extension.
Alternative scenario: Above 1.02 look for further upside with 1.023 & 1.025 as targets.
Comment: the RSI calls for a new downleg.
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Pair : AUDUSD
Updated : Tue, May 07 16:43
price : 1.0174
movement : -77.6 Pips
movement : -0.76%
Support : 1.0170
Pivot : 1.0263
Resistance : 1.0355
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hi
how are you
we can see in the 1w chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 1.0017
stochastic refers that the pair will go down
so our target sell from 1.0167 and our target will 150pips
Good luck
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As you see in my following attached chart, the pair traded between a high of 1.0312 and a low of 1.0221 closed at 1.0252. Today the pair trades above the support line of 1.0150.
Upside Scenario: If AUSDUSD keeps trading above the support line of 1.0150, the levels of 1.0220, then 1.0260 could be seen.
Downside Scenario: A break below above the support line of 1.0150 could send the pair to the levels of 1.0110, then 1.0050.
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Aud/usd pivot levels by using fibonacci pivot indicator.
r3: 1.0355
r2: 1.0320
r1: 1.0298
pivot : 1.0262
s1: 1.0227
s2: 1.0205
s3: 1.0169
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AUD/USD intraday: key ST resistance at 1.022.
Pivot: 1.022
Our preference: Short @ 1.0204 with targets @ 1.015 & 1.0125 in extension.
Alternative scenario: Above 1.022 look for further upside with 1.025 & 1.029 as targets.
Comment: the break below the support at 1.022 triggered a downward acceleration to 1.0125.
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Pivot levels today:
R3: 1.0382
R2: 1.0344
R1: 1.0297
PP: 1.0260
S1: 1.0213
S2: 1.0175
S3: 1.0129
Commnet: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1.0129.
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Spoiler:
AUDUSD is facing 1.0220 support again, a breakdown below this level will signal resumption of the downtrend from 1.0582, then next target would be at 1.0100 area. Resistance levels are at 1.0325 and 1.0384, only break above these levels could signal completion of the downtrend.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Tuesday, 7 May 2013. Analysis using the support resistance (daily)
Low: 1.0221
Height: 1.0310
Close: 1.0251
S3: 1.0122
S2: 1.0172
S1: 1.0211
Pivot: 1.0261
R1: 1.0300
R2: 1.0350
R3: 1.0389
today's opening price: 1.0253
Signal: down.
alternatives:
price holds in the area of demand,, if it breaks then it can demand further towards 1.0130/13 later.
down trendline has not been able to in translucent,, if up through the TL will lead to demand ==> supply (RBS / SBR) strong.
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Last edited by pratamafx; 2013-05-07 at 09:50 AM.
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