Market Cap:
$200B
BTC Dominance:
66.79%
btc:
$7,368.18
eth:
$147.26
xrp:
$0.22
Advertise
Forex

28th Oct 2014 AUD/USD Analysis

28th 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 Australian dollar ended the day above the 127.2% of the downtrend Fibonacci Expansion level, leading to possible buying impetus to push it above 0.885 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 Trading above the moving averages as they hook up, the momentum still remains flat with a bullish bias as markets show signs of overbought and in for a retracement

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 The lack of volatility is evident from the moving averages in the MACD, as prices try to breakthrough the downward sloping resistance trendline in red.

A daily chart clearance above 0.8800 will be a big draw for buyers to push the rate up higher as the resistance has held since October began and not before the FOMC meeting minutes the market may be in for short term trades towards the next resistance of 0.885 as shown by the red line.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bullish0.870.8750.88 0.8850.890.893

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

Premium Brokers

Your capital is at risk.