Market Cap:
$236B
BTC Dominance:
65.63%
btc:
$8,562.46
eth:
$185.50
xrp:
$0.27
Advertise
Forex

31st Oct 2014 AUD/USD Analysis

31st 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 rebounds from the low of 0.875 as the day ended above 0.879 on the 127.2% of the downtrend Fibonacci Expansion support level.

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 ascending triangle as highlighted with the red resistance and blue higher low gives rise to buying at the bottom calls to trade bullish once 0.887 is broken.

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 After hitting 0.876 AUD/USD retraced to contest 0.885 as resistance for the pair ranges slightly upwards with higher lows.

Australia’s private sector credit grew more than expected month on month as PPI grew as expected at 0.2% change month on month. The intraday movement looks firmly bullish as the higher lows gradually moves higher above 0.8800

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bullish 0.8720.8750.8810.8850.8910.8980.8870.8810.898

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.