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23rd Oct 2014 AUD/USD Analysis

23rd 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 AUD/USD continues for the third day consolidating and closing below 0.8800

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 Trading within the downtrend line the 104 moving average is currently being tested as technical indicators show a slight bearish move

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 Should the 20 and 104 hourly averages converge and dip, the likelihood of an intraday bearish movement will be clear.

The lack of fresh economic indication on the fundamentals made the Australian dollar stay within a thin trading range. For the fourth day running, trading stayed within 50-80 pips and below the downtrend line as a resistance, despite also forming a series of higher lows. The intraday movement is expected to be bearish from 0.88 and 0.874, 0.871 the likely supports for the day, before the U.S unemployment claims making its impact on the pair.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight bearish 0.8640.86850.871 0.8800 0.8850.8900

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