Overview :
- According to the previous events, the price of the AUD/USD pair is still trading between the levels of 0.8060 and 0.8103. Moreover, it should be noted that the market was quite stable and the downward trend was also evident. Futhermore, in the same way, the range will be around 158 pips this week. Additionally, the value of 38.2% Fibonacci retracement levels is 0.8103 so the key level of 0.8103 is available for a downtrend to confirm the bearish market. Therefore, sell deals are recommended below the 0.8103 level with targets at 0.8077; it will resume towards 0.8056 in order to test the weekly support 1. It should be noted the descending movement will probably be lower than 0.8056 level to test the double bottom at the level of 0.8035.
Intraday technical levels:
Date and time: 7/01/2015 12:20
Pair: AUD/USD
- R3: 0.8219
- R2: 0.8188
- R1: 0.8132
- PP: 0.8101
- S1: 0.8045
- S2: 0.8014
- S3: 0.7958
Note:
- Please check out the market volatility before investing, because the sight price may have already been reached and the scenarios would become invalidate.
The material has been provided by InstaForex Company - www.instaforex.com
