AUDUSD Weekly Technical Analysis (22-26 June, 2015) | June 20, 2015

A long legged pin bar has been formed on audusd on daily chart. This is an indication for bullish movement on this pair. This pin bar is still valid. 0.7645 is near term support for this pair. Above this level, this pair remains bullish momentum. But on h4 time frame, this pair is staying between 100 and 200 ema. If any h4 candle close above these moving averages, then we can expect more bullish movement on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7955

Resistance One (R1): 0.7858

Pivot Point: 0.7752

Support One (S1): 0.7655

Support Two (S2): 0.7549