AUDUSD had a bearish momentum yesterday bottomed at 1.0235 but whipsawed to the previous day hit 1.0316. Bullish in nearest term testing 1.0340 to 1.0400.
Thread: Aud/Usd
AUDUSD had a bearish momentum yesterday bottomed at 1.0235 but whipsawed to the previous day hit 1.0316. Bullish in nearest term testing 1.0340 to 1.0400.
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Well, that struck next resistance level 0336, the couple left after the breakdown of a small correction, and is currently testing this level but as a support, the path to the north is free, hold a long position.
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There is a potential break scenarios AUDUSD hourly chart.
We're waiting for the price to move above resistance at 1.0337,
this level through the increase could continue test break 1.0366.
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Buy : 1.0270, 1.0214
TP : 1.0330
Stoploss : 1.0180
Sell : 1.0330, 1.0380
TP : 1.0222
Stoploss : 1.0404
Resistentent : 1.0380, 1.0424
Support : 1.0220, 1.0175
Range : 1.0190 - 1.0340
Last edited by secret alibi; 2012-10-24 at 07:41 PM.
There is a potential break scenarios AUDUSD hourly chart. We're waiting for the price to move above resistance at 1.0337, this level through the increase could continue test break 1.0366
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AUDUSD continues its upward movement from 1.0167, and reaches as high as 1.0472.
Further rise could be seen after a minor consolidation, and next target would be at 1.0550 area.
Support is now at 1.0385, followed by 1.0320, as long as these levels hold, the uptrend will continue.
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Couple just came to the horizontal resistance of 0334, the pair shown strong growth in the North, and if the course will be able to overcome this level then it should be expected near the high of the week 0400 (figure), but when you stop and consolidation will sell with a short stop.
during Asian Session, this Pair went Bullish and currently moving at range Area/Sideways Area. maybe this Pair will remain Sideways until London Session End, maybe American Investor and Fund Manager will make this Pair goes back to Bearish. we will see then..
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Australian dollar pair continues against the U.S. dollar positively since the morning and is now near the strong resistance level of 1.0325, which continue in the upward trend for the day and will open the way to test the next resistance level at 1.0381
Support 1.0179
Resistance 1.0381
Money is the life
The Australian dollar rose against its U.S. counterpart on Wednesday, after upbeat economic data from Australia, although concerns over the debt crisis in the euro zone continued to weigh.
AUD/USD hit 1.0318 during European morning trade, the session high; the pair subsequently consolidated at 1.0313, climbing 0.45%.
The pair was likely to find support at 1.0236, Tuesday's low and resistance at 1.0376, the high of October 2.
Official data earlier showed that consumer price inflation in Australia rose by 1.5% in the third quarter, beating expectations for a 1.1% rise, following an increase of 0.5% the previous quarter.
A separate report showed that trimmed mean CPI rose more-than-expected in the third quarter, ticking up 0.7% after a 0.5% rise the previous quarter.
Analysts had expected trimmed mean CPI to rise by 0.6% in the last quarter.
The Aussie was also boosted by data showing that China's HSBC manufacturing purchasing managers' index came in at 49.1 in October, compared with a final reading of 47.9 in September.
China is Australia's biggest export partner.
Concerns over the worsening of the euro zone's debt crisis re-emerged however, after Germanys flash manufacturing purchasing managers' index fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.
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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