Forex Technical Analysis AUD/USD 2012-04-03
- 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 | 1.0640 |
| RES 2 | 1.0550 |
| RES 1 | 1.0460 |
| SUP 1 | 1.0304 |
| SUP 2 | 1.0255 |
| SUP 3 | 1.0136 |
Pair AUD/USD remains under pressure after falling last week to a 2-month low 1.0304, toward current values of 144-day moving average curve. The pair therefore has formed a descending channel with the upper border close to 20-day moving average curve. It is currently trading slightly below 38.2% Fibonacci extension level for the growth wave December 2011 – February 2012, with the nearest support levels settled at 1.0304 (local low) and 1.0255 (50% Fibonacci extension level). Strong resistance levels on the other hand may come at 1.0460 (currently the upper border of the channel), at 1.0550 and at 1.0640.
