AUDUSD Weekly Technical Analysis (18-22 May,2015) | May 16, 2015

Audusd has broken its near term resistance level. But it did not hold its bullish momentum. It is now falling for taking some retrace. After some retrace, this pair can start bullish rally again. This pair is following a uptrend line. So this trendline will be good buy zone for this pair. Near term buying area lies on 0.7960 level. So we can look for buy from retrace on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.831

Resistance One (R1): 0.8171

Pivot Point: 0.8023

Support One (S1): 0.7884

Support Two (S2): 0.7736