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14th Oct 2014 AUD/USD Analysis

14th Oct 2014 AUD/USD Analysis

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 rebounded off the yearly low at 0.865 before ending the day just below 0.877

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 0.882 is the median resistance on the H4 charts as the Stochastics shows a rise into an overbought signal

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 breakthrough of the 104 hourly average may give rise to an intraday long opportunity as the Traditional MACD slowly edges into the positive trend territory

Assistant Governor Guy Debelle of the Reserve Bank of Australia Assistant Governor said the currency remains overvalued by most measures. He added that a lower exchange rate will help in achieving the balanced growth in the economy. China’s trade balance fell to the lowest since July but still a relatively positive sign as the Australian dollar bounced off the support of October’s low at 0.865 towards minor resistance at 0.877.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish 0.8650.8710.8750.882 0.8850.890.8770.8740.885

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