Technical analysis of AUD/USD for March 13, 2014 Trend News

Forecast :

• According to previous events, The AUD/USD pair has still been trapped between 0.9090 and 0.9030.


• Strong resistance will be formed at the level of 0.9140 providing a clear signal for sell deals with the target seen at 0.9030. Stop-loss is to be placed above 0.9175.


• Strong level (support) will be formed at the level of 0.9010 providing a clear signal for buy deals with the target seen at the 0.9110 level. Stop-loss is to be placed below 0.8980.

Notes :

• The double top will be set at the level of 0.9133.


• We expect a range of 64 pips. But it should be noted that the risk of 64pips must make a profit of 96 pips.


• Volatility: 85.81. Therefore, the market indicates the higher volatility.


• The value of 50% Fibonacci retracement levels is 0.9033 (for confirming for the bullish market).

Intraday technical levels:

Date and Time: 13/03/2014 09:53

Pair: AUD/USD

• R3: 0.9198


• R2: 0.9139


• R1: 0.9103


• PP: 0.9044


• S1: 0.9008


• S2: 0.8949


• S3: 0.8913

The material has been provided by InstaForex Company - www.instaforex.com



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