in the h1 time frame this pair is supported by the moving average at 1.0321 it is also making double doji pattern. so it will be a good signal for up movement. today price will try to move to the resistance at 1.0361
Thread: Aud/Usd
in the h1 time frame this pair is supported by the moving average at 1.0321 it is also making double doji pattern. so it will be a good signal for up movement. today price will try to move to the resistance at 1.0361
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AUD / USD consolidates in the Top 1.0300
Australian Dollar navigate the upper end of the range today so far, supported by slightly dovish tone of the minutes of the RBA. The central bank noted that previous rate cuts begin to show their effects on the economy, though showing concern about the levels of AUD.
"In our view, the RBA is not much more decline but will need to see evidence that the positive signs recently faded or that progress in housing, consumption of non-mining investment dani too weak to sustain the economy in the trend growth rate approaching ... we estimate from several cuts mid-year and one at the end of this sits well with this prognosis ", assessed Robert Henderson, chief economist at NAB.
As of the writing, the pair is up 0.22% at 1.0329 facing the next hurdle in 1.0375 (height of 15 Feb) on the way to 1.0400 (high 6 Feb).
On the other hand, the penetration of 1.0270 (hourly high / low February 12) would expose 1.0225 (Lower Bollinger) then 1.0203 (Oct. 15 low).
Support: 1.0323, 1.0317, 1.0310
Resistance: 1.0349, 1.0343, 1.0336
Trend: Bullish
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An uptrend could make a new high today but the rejection from 1.0339 can make the price retrace because it is already over-bought. After retraced, i believe the price would going up and re-test 1.0339 again.
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AUD/USD intraday: key ST resistance at 1.033.
Pivot: 1.033
Our preference: Short positions below 1.033 with targets @ 1.027 & 1.0255 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.037 & 1.04 as targets.
Comment: the pair is challenging its resistance (former support), the RSI calls for caution.
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If we look on the chart, I think AUDUSD is trying to break the resistance level at 1.0306. 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 1.0354.But if fail to break this resistance, AUDUSD may reverse and fall to the support level at 1.0257.Spoiler:
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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 02.18.2013 by using: pivot indicator.
r3:1.0438
r2:1.0405
r1:1.0354
pivot:1.0321
s1:1.0270
s2:1.0237
s3:1.0186
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Daily Technical Analysis for AUDUSD | Monday, February 18, 2013
by using 15M-TF chart
Pullback up to more bulls can be play here. Price now on move above the TCCI line. So, for AUDUSD looking for next nice buy OP is better. and more better if price then can move above that intraday low (1.0285 ).
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the price is supported at the the 1.0274 it is not breaking this support and making doji and pin bar candlestick pattern. stoch is also cross out from over sold area. the upper resistance is 1.0321 so we can long this pair with the stop loss at 1.0270
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