13/11/14 AUD/USD consecutive bullish days sees 0.874 attained


dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast, GBP/USD projections, GBPUSD projections, MPC, monetary policy committee, forward guidance, asset purchase facility 2 days of climbs saw Australian dollar attain 0.874 at the end of Wednesday trading

dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast, GBP/USD projections, GBPUSD projections, MPC, monetary policy committee, forward guidance, asset purchase facility Stochastics Oscillator shows possible overbought indications as the candles seems to have met with resistance on the moving averages, despite breaking above the 20SMA

dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast, GBP/USD projections, GBPUSD projections, MPC, monetary policy committee, forward guidance, asset purchase facility 0.871 resistance once broken is likely to see 0.874 (yesterday’s high) and 0.8800 psychological price level attained should bullish trend resume

Australian dollar resumes its bullish mood as the Melbourne Institute raised expectations of its inflation expectations in data just released at time of writing. The resistance of 0.866 has turned into support and trading above the 200 hourly average the trend moves higher as moving averages intersect and swing upwards. H4 charts shows a overbought signal while the Traditional MACD on the hourly charts hints at a retracement in the bullish trend. A retest of 0.87 – 0.865 today is likely to act like a support for further gains.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish0.86160.86650.87000.8740.88000.885

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