29/12/2014 AUDUSD continues to retrace slowly refusing to break below 0.8000


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 Last week’s movements were minimal with candles attaining the highest at 0.8172 and lowest at 0.8087 before closing at 0.8117. Given such weakness in the pair and the nearest support at 0.8104 on the weekly chart, a retacement is expected for the week.

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 were observed to slowly retrace for the past 2 candles. Candles still refuse to close below 0.8000.

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 Although candles broke out of the upper trend channel, buying action in the market remains weak.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bullish in the short run0.79410.80890.81380.82010.8231

    Share Your Opinion, Write a Comment