AUDUSD Weekly Technical Analysis (25-29 May,2015) | May 24, 2015

Audusd is continuing its down rally. It is now going to near term support area at 0.7780. It will be very important for this pair. If it can break this level, then bearish rally can be continued. As this pair is full of bearish momentum, we need to take entry from every retrace level. For finding near term selling zone, we need to look at h4 time frame. 0.7865 area is near term selling zone. We can sell on that level if we find any bearish candle on that area. Target will be 0.7600 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.8138

Resistance One (R1): 0.7984

Pivot Point: 0.7896

Support One (S1): 0.7742

Support Two (S2): 0.7654