Written By : ForexAbode.com || Wednesday, 10 December 2014 04:59 GMT

AUD/USD Analysis - December 10, 2014

Current Exchange Rate 0.8326 at the time of analysis update.

Intraday outlook: neutral outlook for AUD/USD..

Some more upward correction can not be overruled for AUD/USD. However, we expect resistance to hold at 0.8372. Even if this resistance fails, we would expect the recovery to be limited to 0.8420. With these resistances holding, we expect further decline. The weak Chinese economic data keeps the bearish sentiments for the Australian dollar in place. However, at the current price levels we stay neutral. 

AUD/USD Daily and 4-Hourly Charts

AUD/USD 4-Hourly Chart      

AUD/USD analysis - 4-hourly chart -December 10, 2014

AUD/USD Daily Chart      

AUD/USD analysis - daily chart - December 10, 2014

Further Resources and notes

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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)

Last Updated (Tuesday, 21 October 2014 02:34) GMT

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 0.8863 R3 0.8832     R3 0.8804
R2 0.8832 R2 0.8812 R2 0.8835 R2 0.88
R1 0.8811 R1 0.88 R1 0.8816 R1 0.8795
Pivot 0.878 Pivot 0.878 Pivot 0.8783 Pivot 0.878
S1 0.8759 S1 0.876 S1 0.8764 S1 0.8785
S2 0.8728 S2 0.8748 S2 0.8731 S2 0.878
S3 0.8707 S3 0.8728     S3 0.8776
Open0.8755 Open0.8755 Open0.8755 Open0.8755
High 0.8801 High 0.8801 High 0.8801 High 0.8801
Low 0.8749 Low 0.8749 Low 0.8749 Low 0.8749
Close 0.8790 Close 0.8790 Close 0.8790 Close 0.8790

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.

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