AUDUSD Technical Analysis (12-16 January 2015) | January 10, 2015

AUDUSD is near to important resistance at 0.8210-0.8230 area. Price can back from this resistance area. If we see any rejection or bearish candle on this level, then we can go for sell from this resistance area. For sell entry, target will be 0.8100 and then 0.8030 level.
On the other hand, this pair formed pin bar on support area. Then it got back bullish momentum. It can extend if this pair can break 08230 resistance line. After breakout of this level, we can target 0.8320 area



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.8332

Resistance One (R1): 0.8261

Pivot Point: 0.8149

Support One (S1): 0.8088

Support Two (S2): 0.7976