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August 8, 2014

AUD/USD Daily forex post- US session August 8, 2014

Posted by: ffs @ 13:51 GMT Category: AUD/USD,Daily Forex,Signals

AUD/USD Technical view

Updated:  August 8, 2014 13:51:34 GMT
SPOT AUD/USD Previous day OHLC
Open High Low Close Change
0.9352 0.9357 0.9256 0.9270 -0.0083
Today's Support and Resistance
R3 0.9360
R2 0.9330
R1 0.9300
S1 0.9270
S2 0.9250
S3 0.9200

The Australian dollar is unchanged versus the greenback, holding firm after testing key supports at 0.9250. Although the near term trend remains bearish, the pair has to settle below the supports for the losses to extend anywhere between 0.9100- 0.9200

Trend direction

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

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • Long the Aussie at 0.9200 with stops at 0.9160 for targets of 0.9320
Post ID: 9787
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