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August 12, 2014

AUD/USD Daily forex post- US session August 12, 2014

Posted by: ffs @ 13:24 GMT Category: AUD/USD,Daily Forex,Signals

AUD/USD Technical view

Updated:  August 13, 2014 1:45:46 GMT
SPOT AUD/USD Previous day OHLC
Open High Low Close Change
0.9272 0.9286 0.9254 0.9261 -0.0016
Today's Support and Resistance
Resistance
Support
R3 0.9360
R2 0.9310
R1 0.9270
S1 0.9250
S2 0.9200
S3 0.9140

The Australian dollar came off the session lows after briefly testing key trendline supports at 0.9250 and was seen edging higher versus the greenback. The near term view remains bearish for targets of 0.9150, but a close above 0.9310- 0.9330, the gains should extend to 0.9400- 0.9450

Trend direction

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

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • Long the pair at 0.9150 with stops at 0.9100 fr targets of 0.9270
Post ID: 9826
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