Forex Trading EVO - AUD/USD Technical - 1st AprilBy Praful Patat In AUDUSD strong resistance at 1.0350 stay above 1.0350, next target is 1.0380, 1.0423 area on intraday otherwise retrace will happen. 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.
New Low: 1.0288, 1.0319, 1.0297. Pivot: R3-1.0399, R2-1.0375, R1-1.0360, PP-1.0336, S1-1.0312, S2-1.0297, S3-1.0273.
|
Newsletter Subscriber
