Written By : ForexAbode.com || Tuesday, 11 February 2014 00:00 GMT

AUD/USD Analysis - Feb 11, 2014

AUD/USD Daily and Hourly Charts

AUD/USD Hourly Chart      

AUD/USD analysis - hourly chart

AUD/USD Daily Chart      

AUD/USD technical analysis - daily chart

AUD/USD Daily Technical Analysis

Current Exchange Rate 0.9031 at the time of analysis update.

Intraday outlook: mildly bullish outlook.

AUD/USD's Latest Analysis (February 11, 2014): A minor resistance is expected at 0.9045 but if that resistance fails the further gains towards 0.9085 will be expected first. Any decisive break of that resistance will come as an indication of a short-term bottoming and in that case the next target would be 0.9140 to 0.9160 resistance zone.

On the downside any move below 0.8906 will start neutralizing the above outlook but a better indication to turn the focus back towards downside will come if the price-action falls below 0.8861. 

Further Resources and notes

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Note 2: Please also take a look at AUD/USD forecast for mid-term term trading approach updated on the weekends.

You may also share and check AUD/USD chart alerts in the blog section and AUD/USD market sentiments in Forex forum and Forex blog.

 
AUD/USD Interest Rate Comparison
(For Carry Trades)
Australian dollar (AUD) interest rate
2.50%
U.S. dollar (USD) interest rate
0.25%
AUD/USD interest Rate Comparison
2.25%

AUD/USD Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Standard Pivot Point for AUD/USD Fibonacci Pivot Point for AUD/USD Woodie Pivot Point for AUD/USD Camarilla Pivot Point for AUD/USD
R3 R3     R3
R2 R2 R2 R2
R1 R1 R1 R1
Pivot Pivot Pivot Pivot
S1 S1 S1 S1
S2 S2 S2 S2
S3 S3     S3
Open Open Open Open
High High High High
Low Low Low Low
Close Close Close Close

AUD/USD- Correlation with other currency majors

Notes and caution about Forex analysis for AUD/USD

The daily AUD/USD analysis is not just based on technical indicators but also takes into account the overall price action and other aspects which can affect the Forex market in general and AUD/USD price action specifically. Please also note that many times the price mentioned at the time of analysis update maybe different than the entry level suggested. These positions would mean limit orders for buying or short-selling. Hence please do not treat this analysis just as trading signals for AUD/USD.

However, please note that the analysis reflects our views about the currency market based various factors. Forex trading is a speculative market and the price may always have unpredictable moves. We cannot take the responsibility for any losses dues to and positions taken based on our views.

Please check the current AUD/USD Exchange Rate.

Check any real-time AUD/USD Trades in Forex Forum.

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