Forex Technical Analysis AUD/USD 2012-03-16
- 2013-05-14
- 2013-05-03
- 2013-04-26
- 2013-04-08
- 2013-03-29
- 2013-03-21
- 2013-03-13
- 2013-03-01
- 2013-02-20
- 2013-02-06
- 2013-01-29
- 2013-01-04
- 2012-12-20
- 2012-12-10
- 2012-11-29
| Levels | Value |
| RES 3 | 1.0850 |
| RES 2 | 1.0723 |
| RES 1 | 1.0622 |
| SUP 1 | 1.0410 |
| SUP 2 | 1.0255 |
| SUP 3 | 1.0136 |
Pair AUD/USD remains under pressure after falling yesterday to an 8-week low 1.0422. The pair therefore has reached its target level after it formed a trend reversal pattern “triple top” in February, while a key support may come at 1.0410, settled close to 38.2% Fibonacci extension level for the growth wave December 2011 – February 2012. Daily close below 1.0410 could extend losses toward 1.0255, 50% Fibonacci extension level. Strong resistance levels may come at 1.0622, settled close to the lower boundary of the February’s price range, at 1.0723 and 1.0850.
