AUDUSD Technical Analysis (9-13 February,2015) | February 7, 2015

AUDUSD has rejected from near-term resistance. 0.7845-0.7855 area is good resistance zone. This pair tried to break that area but it failed and dropped from that level. A pin bar is formed on daily chart on that resistance level. So this is good price action sell signal. So you can sell from 50% retrace of this pin bar. Target will be 0.7660 level.


In Technical Indicators view

In daily chart, MACD indicator is below which indicates downtrend for this pair.

In daily chart, RSI indicator value is 33. So this full of down pressure.

50, 100 and 200 Moving averages are also giving sell idea on this pair.

In summary, all type of indicators are giving sell signal. Our recommendation is to stay on downside as pin bar is formed on daily.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.8013

Resistance One (R1): 0.7902

Pivot Point: 0.7764

Support One (S1): 0.7653

Support Two (S2): 0.7515