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