15/12/14 AUD/USD to continue falling as RBA favours lower rates


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, monetary policy, cash rate Aussie’s bearish momentum is set to continue towards 0.8122, a support price in 2010.

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, monetary policy, cash rate Candles have broken below Fibonacci extension 161.8% and seek to move towards Fibonacci retracement 200.0% at 0.8168. Bearish momentum is still relatively strong which may even send the Aussie towards Fibonacci extension 261.8% at 0.7935.

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, monetary policy, cash rate AUDUSD have closed below 0.8236, the previous support price and continues to move downtrend within the trend channel.

 

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish 0.7939 0.8122 0.8168 0.8236 0.8284  0.8346

Share Your Opinion, Write a Comment