AUD/USD Analysis - Feb 11, 2014
AUD/USD Daily and Hourly Charts
AUD/USD Hourly Chart
AUD/USD Daily Chart
AUD/USD Daily Technical Analysis
Current Exchange Rate 0.9031 at the time of analysis update.
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.
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(For Carry Trades)
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|
AUD/USD- Correlation with other currency majors
AUD/USD with EUR/JPY -correlation analysis
AUD/USD with USD/JPY -correlation analysis
AUD/USD with GBP/USD -correlation analysis
AUD/USD with AUD/JPY -correlation analysis
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.
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