Search Our Site:  
February 4, 2013

Weekly forex post – AUD/USD 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:10 GMT Category: AUD/USD,Signals,Weekly Forex

Technical view – AUD/USD

AUD/USD this week

SPOT AUD/USD Previous week OHLC
Open High Low Close Change
1.0415 1.0476 1.0358 1.0405 -0.0017
Weekly Support and Resistance
Resistance
Support
R3 1.0660
R2 1.0535
R1 1.0480
   
S1 1.0380
S2 1.0225
S3 1.0175

AUD/USD extended its losses for the third successive week to close lower by 0.16%. The pair was seen consolidating in the1.0350- 1.0550. Close below 1.0380, the pair can slide to 1.0175- 1.0225. The trend remains bearish with the upside capped at 1.0525- 1.0550

audusd weekly chart

Trend direction

  • Near, medium term trend- Bearish; Long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0350 with a stop loss at 1.0320 for a profit target of 1.0450.
  • Short:
    • Short AUD/USD at 1.0320 with a stop loss at 1.0360 for a profit target of 1.0230
    • Short AUD/USD at 1.0540 with a stop loss at 1.0590 for a profit target of 1.0400
Post ID: 3748
Please Read This Warning

These signals are given free for educational purposes only. We do not suggest anyone use real money for foreign exchange trading online and we do not accept any kind of responsibility for loss or damage resulting if you choose to ignore this warning.

Get Signals By E-mail:
Markets Hours
 
Auckland Opening
Sydney Closed
Tokyo Closed
Hong Kong Closed
Singapore Closed
Moscow Closed
Frankfurt Closed
Zurich Closed
London Closed
New York Open
Chicago Open
Vancouver Open