AUDUSD Weekly Technical Analysis | December 6, 2014

AUDUSD is following a down trendline. It is now at the lower trendline. It can be act as a support for this pair. Fibo 161.80% lies on 0.8267. So this is good support according to fibo analysis. This level can be good for short term buy. On the other side, in technical outlook, this pair is full of downward momentum. So traders should find sell entry in this pair. For sell entry, next target will be psychological level at 0.8000 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.8620

Resistance One (R1): 0.8464

Pivot Point: 0.8387

Support One (S1): 0.8231

Support Two (S2): 0.8154