AUDUSD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Audusd was in a range last week. This pair down around 150 pips and at the end of the week, it moved up again. On the weekly chart, we can see rejection pin bar type candle. As we saw rejection last week, we may see bullish movement in the next week. Target will be 0.7900 area. On the other hand, this area is good for sell as we can see bearish bat pattern formed on that level. If we can see any bearish candle around 0.7890-0.7900 area, then we can go for sell.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7938

Resistance One (R1): 0.7881

Pivot Point: 0.7781

Support One (S1): 0.7724

Support Two (S2): 0.7624