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13.03.2014 11:55 AM
Technical analysis of AUD/USD for March 13, 2014
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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
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