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18 Sept 2014 AUD/USD Analysis

18 Sept 2014 AUD/USD Analysis

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUDAUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Australian dollar reattained 0.91 resistance before breaking support on Daily chart

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Market continues its downtrend as observed between the channel

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD AUD/USD poised to rebound if support holds

Market consolidates at 0.9000 after attaining 0.9100 just two days ago. FOMC mentions focus on maximizing labour market resources, a generally hawkish statement that pushed Aussie back to the key price support against the stronger USD. A false break below 0.9000 but not beyond the 161.8% of the Fibonacci extension may see Australian dollar rebound.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Limited Bearish
0.884
0.886
0.892
0.9000
0.9034
0.91
Reversal to long 0.8935
0.8873
0.91

 

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