AUDUSD Weekly Technical Outlook (2-6 March, 2015) | February 28, 2015

Audusd is following a channel. It has rejected from 200 ema. It also touched upper line of the channel and then it fell from that level. 0.7850 level is good resistance for this pair. We can sell from that level. This pair is now on ranging mode. So we have to be careful about taking entry. As this pair is on downtrend, we need to look for sell on this pair. Selling zone for this pair is 0.7850 and 0.7900 area. From that level, we can take sell and target will be 0.7700 area.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7992

Resistance One (R1): 0.7899

Pivot Point: 0.7819

Support One (S1): 0.7726

Support Two (S2): 0.7646