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August 6, 2014

AUD/USD Daily forex post- US session August 6, 2014

Posted by: ffs @ 13:58 GMT Category: AUD/USD,Daily Forex,Signals

AUD/USD Technical view

Updated:  August 6, 2014 13:58:33 GMT
SPOT AUD/USD Previous day OHLC
Open High Low Close Change
0.9334 0.9342 0.9290 0.9302 -0.0030
Today's Support and Resistance
Resistance
Support
R3 0.9430
R2 0.9360
R1 0.9330
S1 0.9270
S2 0.9250
S3 0.9130

The Australian dollar came off the session lows after testing the previous session lows and is seen near key resistances at 0.9330. The gains could be capped around the 0.9330- 0.9360 zone and the pair could slip back to 0.9270- 0.9290

Trend direction

  • Short term: Bearish
  • Medium term: Bearish
  • Long term: Bullish

Trading Recommendations

  • Short:

    • Short the pair at 0.9350 withe stops at 0.9380 for targets of 0.9270
  • Long:

    • N/A
Post ID: 9755
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