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August 10, 2014

AUD/USD Daily forex post August 11, 2014

Posted by: ffs @ 11:15 GMT Category: AUD/USD,Daily Forex,Signals

AUD/USD Technical view

Updated:  August 10, 2014 11:15:48 GMT
SPOT AUD/USD Previous day OHLC
Open High Low Close Change
0.9270 0.9286 0.9236 0.9277 0.0007
Today's Support and Resistance
Resistance
Support
R3 0.9420
R2 0.9360
R1 0.9310
S1 0.9240
S2 0.9200
S3 0.9140

The Australian dollar rebounded from the session lows to edge higher versus the greenback on Friday. The pair tested key trendline supports at 0.9240, before reversing losses. Near term, the pair is threatening to break below the supports and head to 0.9100- 0.9150. However, if the Aussie does not close below the supports in the day's session, look for near term targets of 0.9400- 0.9430

Trend direction

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

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9796
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