AUD/USD Analysis - July 03, 2015
Current Exchange Rate 0.7529 at the time of analysis update.
Intraday outlook: .
AUD/USD moved the wat we indicated yesterday. The pair did not only touched the target of 0.7533 but went as low as 0.7511. We are BEARISH for the pair and still favor the outlook that any break below the psychological level of 0.7500 should take it towards 0.7300 ranges. However, the psychological level of 0.7500 may result in some volatile moves first and hence the outlook remails neutral till a decissive break below that level takes place.
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 0.7600 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 Daily Chart
Further Resources and notes
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(For Carry Trades)
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|
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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