Overview :
- The AUD/USD pair has still moved between 0.8727 and 0.8929 since the 3rd of October 2014. Equally important, the resistance has set at the price of 0.8929 and the support at the 0.8727 price. But today, the minor support has set at 0.8773. Accordingly, if the trend fails to close below the level of minor support (0.8773), then it will be a good opportunity to buy above 0.8773 with the first target at 0.8866, then it will be continued straight towards 0.8929 in order to test the weekly resistance. Notwithstanding, the stop loss should always be taken in account because it should never exceed your maximum exposure amounts. Consequently, the best location to set your stop loss should be placed below the level of 0.8720.
Intraday technical levels:
Date:29/10/2014
Pair:AUD/USD
- R3: 0.8934
- R2: 0.8887
- R1: 0.8869
- PP: 0.8822
- S1: 0.8804
- S2: 0.8757
- S3: 0.8739
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Performed by Mourad El Keddani, Analytical expert InstaForex Group © 2007-2014 |
Technical analysis of AUD/USD for October 29, 2014
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