Thread: Aud/Usd
Elliott: flat correction down 1.0282
Market should hold major support at 1.0285 before rising towards 1.0341 or even 1.0362 limit.
Technical points
Key point 1.0304
Entry point 1.0310
Elliott 1.0411
Closing 1.0320
Projection 1.0282
Trendline 1.0336
Trendline 1.0304
Supports / Resistances
Res 2 1.0362
Ex-High 1.0339
Res 1 1.0341
Pivot 1.0319
Sup 1 1.0298
Ex-Low 1.0296
Sup 2 1.0276
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The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.0220 and key resistance at 1.0465. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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Expected trading range for today is between: Support 1.0200 and resistance 1.0440
General tendency is expected for today: neutral
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AUD / USD is now close to the area contained in the support level 1.0289 and rising trendline. The movement toward short-term resistance at 1.0475 (high 28/09/2012) is still preferred. Bounce sharply near the support at 1.0177 trendline support testing of new long-term decline.
Short-term uptrend
Last edited by yudijoni; 2012-10-23 at 11:02 AM.
analysis of Teknikal today :
Trend H1 : go up
Support : 1.0319
Resistance : 1.0333
On this day seen in movement go up and come near 1.0343.
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Aud/usd technical analysis for 23.10.2012 by using : Auto pivot indicator.
resistance 3:1.0392
resistance 2:1.0368
resistance 1:1.0345
pivot point :1.0321
support 1:1.0298
support 2:1.0274
support 3:1.0251
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Spoiler:
AUDUSD’s fall from 1.0410 extends to as low as 1.0295. However, the fall is treated as consolidation of the uptrend from 1.0149, another rise towards 1.0500 is still possible after consolidation, and a break above 1.0410 could signal resumption of the uptrend.
Last edited by hawk jet; 2012-10-23 at 11:02 AM. Reason: add image
Simple analysis for the pair AUD / USD, on Tuesday, October 23, 2012.
Indicators WMA 50 and 100, the time frame 1 H, still show bearish trend. This is supported by the AO indicator has changed color, from blue to red, and generally be an early sign that the pair AUD / USD will move down. As the first destination is the price of 1.0298 support (support 1). Monitored daily pivot at 1.0318, while resistance 1 at 1.0340. Good luck ..
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AUDUSD had been rejected by the resistance level at 1.0337 yesterday. But the rejection was not too strong. Now, AUDUSD is trying to reach that resistance level again. If AUDUSD can break that resistance, AUDUSD may goes up and try to touch the next resistance level at 1.0421. But if fail to break again and rejected, I think AUDUSD will fall to the support level at 1.0252.
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My latest comments were continue to look higher, especially now that price has printed above the October 1 high. 10325/36 is near term support. The AUDUSD is similar to the EURUSD at the current juncture in that price hasnt traded through the bullish invalidation point of 10293 but small degree weakness (from 10411) is impulsive and suggestive of something more bearish. The conflicting evidence leaves me neutral for now. Market action at 10350/70 (if reached) may offer clues regarding the next move.
LEVELS: 10148 10191 10293 10339 10411 10442
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