Written By : ForexAbode.com || Tuesday, 23 June 2015 06:23 GMT

AUD/USD Analysis - June 23, 2015

Current Exchange Rate 0.7708 at the time of analysis update.

Intraday outlook: neutral for AUD/USD..

The recent price-action of AUD/USD has fallen into an ascending triangle pattern. The current price is near the support trend line and that keeps the short-term bearish sentiments in check, even though overall we expect further decline towards 0.7670 or more. For short-term trades we stay neutral. On the upside we would expect a resistance near 0.7740.

AUD/USD Daily and Hourly Charts

AUD/USD Hourly Chart      

AUD/USD analysis - hourly chart -June 23, 2015

AUD/USD Daily Chart      

AUD/USD analysis - daily chart - June 23, 2015

 

AUD/USD in ascending triangle pattern.

 

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
2.00%
U.S. dollar (USD) interest rate
0.25%
AUD/USD interest Rate Comparison
1.75%

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

Last Updated (Wednesday, 24 June 2015 03:53) 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 0.7859 R3 0.7809     R3 0.7773
R2 0.7809 R2 0.7779 R2 0.7814 R2 0.7765
R1 0.778 R1 0.776 R1 0.7791 R1 0.7758
Pivot 0.773 Pivot 0.773 Pivot 0.7735 Pivot 0.773
S1 0.7701 S1 0.77 S1 0.7712 S1 0.7744
S2 0.7651 S2 0.7681 S2 0.7656 S2 0.7737
S3 0.7622 S3 0.7651     S3 0.7729
Open0.7729 Open0.7729 Open0.7729 Open0.7729
High 0.7759 High 0.7759 High 0.7759 High 0.7759
Low 0.7680 Low 0.7680 Low 0.7680 Low 0.7680
Close 0.7751 Close 0.7751 Close 0.7751 Close 0.7751

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.

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