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Pair now beginning to decline, the rate is now sandwiched between two horizontal levels - resistance of 0443 and 0420 support (strong zone of lower fractals), Stochastic on the daily chart has formed a signal to sell, so consider selling at renewal and reduce breakout 0420 paving the way for 0400 , 0360.
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Pair worked fine yesterday, hang from the top of the channel, now went to the lower rate of the long border of the ascending channel, full stop noticeable pair then began a small northern wave, the first signs of active buying, and the trend is still upward, especially considering the northern lights out and output pairs to 0500 figures.
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AUD/USD intraday: the downside prevails.
Pivot: 1.0465
Our preference: Short positions below 1.0465 with targets @ 1.0415 & 1.0385 in extension.
Alternative scenario: Above 1.0465 look for further upside with 1.0495 & 1.0525 as targets.
Comment: the pair has broken below its support and remains on the downside.
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.
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.
Aud/usd analysis for 03.27.2013 by using pivot indicator.
r3: 1.0553
r2: 1.0525
r1: 1.0504
pivot: 1.0476
s1: 1.0455
s2: 1.0427
s3: 1.0406
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AUDUSD is still holding its weekly gains and it did not surrender yet. if you look at the charts than you will see clear double top around 1.0480 area if this level hold than market will take a deep swing towards 1.0330 which will be a dip for buyers so you can sell AUDUSD @ 1.0477 and stop loss at 1.0487 and profit target @ 1.0360 1st and 1.320 ultimate target.
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AUDUSD has touched and has been rejected by the resistance level at 1.0489. So, I think AUDUSD will reverse and fall to the support level at 1.0445. But if AUDUSD can rise and break 1.0489 resistance, this pair may continue going up to the next resistance level at around 1.0534.
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how about now.... AUD/USD sell or buy.... need best advice![]()
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.
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