AUD/USD And Possible Supports And Resistances

March 10, 2013 in Chart Alert

AUD/USD has been in a very volatile sideways range since September 2010 i.e. close to two and a half years. The low of this range was 0.9537 if we exclude a brief break of this range during October 2011 when the pair had touched a low of 0.9387. The high was 1.1080.

Since July 2012 another sideways range has been in the place for AUD/USD within the above mentioned range. Recently there was a slight break below that range. The next key supports to be watched are 1.0100 and then 0.9969. These supports also bring in the psychological support of 1.0000 level A break below these is critical to expect any deeper moves towards 0.9600.

AUD/USD weekly chart

AUD/USD weekly chart - the volatile range

You may also like to check the daily analysis for AUD/USD.

Author Info

Profile photo of's analysts provide Forex market analysis based on technical, fundamental as well as psychological aspects. Apart from the daily and weekly Forex outlook posted on the respective pages, the outlook and news are also updated on the blog section. ForexAbode analysis is also featured on some of the leading financial news and analysis sites. Please use the comment form below or contact us page for any comments, suggestions or complaints. You may also write to us at contact(@) by removing the brackets in the email address.

Contributor Contact, Accountability and Policies

Leave a reply

Your email address will not be published. Required fields are marked *