23/12/2014 AUDUSD continues plunging towards 0.81


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 closed below Fibonacci extension 200.0% at 0.8171. A short retracement was observed where candles failed to close above 0.8171, turning 0.8171 into a resistance.

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 Focusing on H4 chart, 0.8114 continues to be a support for the pair. Candles lie near the top of the trend channel and if candles are resisted and falls below 0.81147, a shorting entry can be made.

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 Observing H1 chart, although candles are supported at 0.8114, it is lower than the previous low at 0.8129, indicating that the bearish trend continues to hold.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish 0.77730.79410.81140.82010.8231 0.8282

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