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11/11/14 AUD/USD retests October support at 0.8645 as 0.8700 is in sights.

11/11/14 AUD/USD retests October support at 0.8645 as 0.8700 is in sights.

dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD Australian dollar fails to trade higher from 11 Nov support at 0.869

dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD The support on 20 SMA yesterday is in retracement at time of writing, while the Stochastics Oscillator shows a strong overbought signal, giving mixed sentiments on this chart

dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD A break above of the 104 and 20 moving averages on this chart sustains the retracement as the Australian dollar rebounds from the 0.853 low.

The slight drop in the National Australian Bank Limited Business Confidence did not dampen the rebound of the Australian dollar against the greenback. A bullish rebound off the 0.8600 support sees further upsides as the rebound from the 0.853 goes through a retracement. A clear breakthrough of the 104 moving average on the hourly charts will see support o the 20 SMA as well,  trading towards the upside of 0.8664 with possibility of exhaustion firstly at 0.871 before the trading gap opening price at 0.876. A fall below of 0.86 today will extend losses towards 0.8500 and 0.848 on the downtrend expansion

 

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bullish0.8510.8550.86050.86640.87000.876 0.860.8530.876

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