Written By : ForexAbode.com || Thursday, 02 July 2015 06:15 GMT

AUD/USD Analysis - July 02, 2015

Current Exchange Rate 0.7596 at the time of analysis update.

Intraday outlook: Bearish for AUD/USD..

We expect resistance at or below 0.7625 and with this resistance in place and a break below 0.7587 the pair is expected to test 0.7540 to 0.7533 support zone. 0.7500 psychological support is a very crucial support and any break below 0.7500 will have very strong repercussions for much deeper declines and such a move may extend the fall towards 0.7300 ranges. Please note that the overall long-term trend has been bearish since April 2013 which can be seen from one of the following charts.


On the upside any breakout above 0.7625 will delay the further fall but we would expect a strong resistance at 0.7694 and in any case the upside to be limited to 0.7738.


Do also check all updates of AUD/USD analysis and outlook


AUD/USD Daily and Hourly Charts

AUD/USD Hourly Chart      

AUD/USD analysis - hourly chart -July 02, 2015

AUD/USD Daily Chart      

AUD/USD analysis - daily chart - July 02, 2015


Long term chart of AUD/USD showing that the pair is in overall downtrend.


Further Resources and notes

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

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

Last Updated (Friday, 03 July 2015 02:06) 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 0.774 R3 0.7699     R3 0.7666
R2 0.7699 R2 0.7673 R2 0.7703 R2 0.766
R1 0.7673 R1 0.7657 R1 0.7682 R1 0.7654
Pivot 0.7632 Pivot 0.7632 Pivot 0.7636 Pivot 0.7632
S1 0.7606 S1 0.7606 S1 0.7615 S1 0.7642
S2 0.7565 S2 0.759 S2 0.7569 S2 0.7636
S3 0.7539 S3 0.7565     S3 0.763
Open0.7638 Open0.7638 Open0.7638 Open0.7638
High 0.7657 High 0.7657 High 0.7657 High 0.7657
Low 0.7590 Low 0.7590 Low 0.7590 Low 0.7590
Close 0.7648 Close 0.7648 Close 0.7648 Close 0.7648

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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