26 Sept 2014 AUD/USD Analysis


AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD AUDUSD ends the day below 0.88, last seen at the turn of the year.

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD The retest of 0.88 as a resistance will see AUDUSD head towards further lows, with support at 0.874-0.872

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD A lower risk entry on the downtrend would be to short at 0.881 at the top of the trendline, with target exits at support 0.874

The announcement of the New Zealand dollar being “overvalued” and more control measures by the Reserve Bank of New Zealand saw losses for the commodity linked currencies, as NZDUSD, AUDUSD fell while USDCAD rose. Support next is at 0.874 as the bears continue to gain in strength along the Fibonacci downtrend extension levels.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish 0.866  0.874 0.877 0.881  0.885 0.89

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