Market Cap:
$233B
BTC Dominance:
65.72%
btc:
$8,478.49
eth:
$180.11
xrp:
$0.26
Advertise
Forex

9 Oct 2014 AUD/USD Analysis

9 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 revives towards previous support on Daily charts at 0.885

9octauh4 With the bearish move done and dusted, the pair moves bullish after retracement to 0.876 is completed and supported. The pair is set to move towards 0.89 should 0.883 support range holds firm.

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 Australian Unemployment Rate maintained at 6.1% however the employment change turned out negative the 3rd time in half a year, significantly depressing considering the better than expected 121,000 figures last month

The fall of the Australian dollar looks to have taken a breather as the retracement to support at 0.873 yesterday gave intra day traders a sign for continuous entry to push the pair back towards 0.89, as seen via the levels in red highlighted on the H4 chart. With no likely interference other than an accommodative stance on monetary policy, look out for resistances for entry for the swing back down towards 0.85, should the rebound regain strength towards the 200 moving average on the H4 charts, around 0.90

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish0.86450.8760.8820.8850.890.893

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.