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AUDUSD tested resistance 1.0350, also possibility to test 1.0380 channel line on daily chart. If AUDUSD will back from 1.0380 then lower side target will 1.0122, 0.9936 and lower channel line at 0.9775, 0.9822 area. AUDUSD break of 1.0380 resistance, further going up side toward 1.0447 extension and break of 1.0296 support then nest target is 1.0203. In bigger range, AUDUSD backed from Fib No. 61.8% at 0.9810 from , extension 127.2% at 1.0447, 161.8% at 1.0695 still in progress.
Strategy: AUDUSD sell from 1.0350-1.0380 area target 80-150 pip stop loss 1.0457
New High: 1.0333, 1.0367, 1.0362.
New Low: 1.0265, 1.0299, 1.0294.
R3-1.0379, R2-1.0353, R1-1.0336, PP-1.0311, S1-1.0285, S2-1.0268, S3-1.0243.
Forex Trading - AUD/USD Technical -31/MarchBy Praful Patat AUDUSD tested resistance 1.0350, also possibility to test 1.0380 channel line on daily chart. If AUDUSD will back from 1.0380 then lower side target will 1.0122, 0.9936 and lower channel line at 0.9775, 0.9822 area. AUDUSD break of 1.0380 resistance, further going up side toward 1.0447 extension and break of 1.0296 support then nest target is 1.0203. In bigger range, AUDUSD backed from Fib No. 61.8% at 0.9810 from , extension 127.2% at 1.0447, 161.8% at 1.0695 still in progress. Strategy: AUDUSD sell from 1.0350-1.0380 area target 80-150 pip stop loss 1.0457 New High: 1.0333, 1.0367, 1.0362. New Low: 1.0265, 1.0299, 1.0294. Pivot: R3-1.0379, R2-1.0353, R1-1.0336, PP-1.0311, S1-1.0285, S2-1.0268, S3-1.0243.
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