Written By : ForexAbode.com || Friday, 26 June 2015 06:11 GMT

AUD/USD Analysis - June 26, 2015

Current Exchange Rate 0.7661 at the time of analysis update.

Intraday outlook: Bearish for AUD/USD..

The break below the expected support of 0.7779 has made the bearish sentiments stronger. Further decline is now expected for AUD/USD. On the other had there are a couple of factors which need a cautious approach:

1) The price action is nearing a very strong psychological support range of 0.7500 and can cause some unexpected volatile moves.

2) The recent 0.7644 support level needs to be watched.

Going short for AUD/USD is recommended only with a break below 0.7644. Such a break should extend the decline first towards 0.7500 and in case the pair manages a move below 0.7595 then the fall should continue to test 0.7540 to 0.7560 support zone.

On the upside any decisive break over 0.7720 will start neutralizing the above outlook.

 

AUD/USD Daily and Hourly Charts

AUD/USD Hourly Chart      

AUD/USD analysis - hourly chart -June 26, 2015

AUD/USD Daily Chart      

AUD/USD analysis - daily chart - June 26, 2015

 

AUD/USD broke below the 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 (Friday, 26 June 2015 02:31) 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 0.7799 R3 0.7776     R3 0.7744
R2 0.7776 R2 0.7758 R2 0.7776 R2 0.7739
R1 0.7753 R1 0.7747 R1 0.7754 R1 0.7735
Pivot 0.773 Pivot 0.773 Pivot 0.773 Pivot 0.773
S1 0.7707 S1 0.7712 S1 0.7708 S1 0.7727
S2 0.7684 S2 0.7701 S2 0.7684 S2 0.7723
S3 0.7661 S3 0.7684     S3 0.7718
Open0.7706 Open0.7706 Open0.7706 Open0.7706
High 0.7752 High 0.7752 High 0.7752 High 0.7752
Low 0.7706 Low 0.7706 Low 0.7706 Low 0.7706
Close 0.7731 Close 0.7731 Close 0.7731 Close 0.7731

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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