Thread: Aud/Usd
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the moving average is providing a resistance at the price 1.0350 at the time parabolic sar is also giving us short signal. now stoch is also giving us short signal so we can short this pair with the target 1.0290 stop loss is above the resistance at 1.0375
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AUD / USD Still Bullish About 1.0360
Aussie dollar hovering above 1.0360 on Wednesday, heading for another attempt to penetrate the highest Tuesday around 1.0370, as risk appetite supporting the upper side.
In the data, Westpac Main index in December rose 0.2% on a monthly basis, down from +0.7% in November. "Wages (Wage Cost Index, a benchmark wage series in Australia now) rose 0.8% in Q4 Quarterly in 2012, in line with expectations. From last year, wages were 3.4% higher, which is the lowest annual increase since the second quarter of 2010, "comments Adrian Foster, Rabobank analysts.
At this time, the couple was up 0.05% at 1.0360 facing the next barrier at 1.0375 (height of 15 Feb) and 1.0388 (21-day MA) and then 1.0400 (high 6 Feb).
On the down side, the penetration below 1.0330 (hourly high / low February 19) would expose 1.0322 (200-day) and then 1.0318 (10-day MA).
Support: 1.0351, 1.0343, 1.0337
Resistance: 1.0379, 1.0371, 1.0365
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AUD/USD intraday: bullish bias above 1.032.
Pivot: 1.032
Our preference: Long positions above 1.032 with targets @ 1.037 & 1.04 in extension.
Alternative scenario: Below 1.032 look for further downside with 1.0295 & 1.027 as targets.
Comment: the pair remains on the upside and is approaching its resistance, the RSI is reversing up from its oversold area.
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If we look on the chart, I think AUDUSD is trying to break the resistance level at 1.0366. If AUDUSD can break this resistance level successfully, I think it will open a way for AUDUSD to go up and reach the next resistance level at 1.0381.But if fail to break this resistance, AUDUSD may reverse and fall to the support level at 1.0316.Spoiler:
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sell aud/usd at the level 1.0370 with targets at 1.0300 and 1.0265, but in case of breaking the level 1.0385, then buy above this level with targets aat 1.0410 and 1.0440
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pair USD/AUD faces resistance at 1.0350
the Australian dollar received support today and instead of losses incurred last week against the U.S dollar after the results of the meeting of the
reserve bank of Australia
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sell aud/usd at the level 1.0350 with targets at 1.0320 and 1.0295, but in case of breaking the level 1.0371, then buy above this level with targets at 1.0388 and 1.0409
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.
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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