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30th Oct 2014 AUD/USD Analysis

30th 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 falls from just shy of 0.8900 as quarter on quarter import prices fell -0.8%

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 Approaching the 38.2% of the downtrend Fibonacci retracement level, the Australian dollar fell back below 0.885 resistance and looks to challenge the supporting trendline in blue at 0.8700

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 Month on month decline in import prices swings the price below 0.877 as the Traditional MACD falls into negative (bearish) territory

The Australian dollar trades just shy of 0.8900 against the Dollar as the FOMC Meeting Minutes sent AUD/USD back into the symmetrical triangle range below 0.8800 resistance turned support. Just announced new home sales month on month change and the changes in quarterly import prices also pushed AUD/USD below 0.877. Further movement for the pair today will likely revolve around the U.S unemployment claims and advance GDP quarter on quarter changes before Federal Reserve Chairperson Yellen’s speech after that.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish 0.865 0.87 0.8740.8820.8850.892

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