AUD USD

[PCMAnalyst]

We can see the price has been declining after forming an ab=cd harmonic pattern and the price getting out of the congestion area. We still expect it to drop medium term if the price breaches the triangle pattern.

[PCMAnalyst]

The price has reached to support level and we can see a non ideal alt bat harmonic pattern simultaneously in H4 TF. We expect a rise by increasing in demand power. We expect losses if this support level around 0.8865 breaks through strongly.

[Samirofi]

Midday update for AUD USD 05/08/2013



The pair shows weak and tight trading since morning, settling below 0.9000, to continue with the bearish overview for today, which is supported by the continuous negative pressure coming from the EMA50.

Expected trading range for today is between: 0.8750 support and 0.9040 resistance.

Expected trend for today: Bearish

[PCMNewsdesk]

The currency pair is close to three year low after it dropped out of its sideways trend at the end of July. It recovered at the support level around 0.8848 (Fibonacci level 0.0) but the commodity channel index is on the same overbought market level as it was on the 29th of July before it declined. So further losses are more than likely.

[Samirofi]

AUD USD begins with strong positivity 08/08/2013



The pair opens today’s trading with sharp bullish bias surpassing 0.9040 level, and as we mentioned in our recent reports, holding above this level will stop the bearish overview on the intraday basis.

Therefore, we prefer to stop aside temporarily to monitor the price behavior according to 0.9040 and 0.9130 levels, as breaching the last one will confirm stopping the bearish overview.

Expected trading range for today is between: 0.8900 support and 0.9250 resistance.

Expected trend for today: Neutral

[PCMAnalyst]

The price has reached to support level and we can see a non ideal alt bat harmonic pattern simultaneously in H4 TF. We expect a rise by increasing in demand power. We expect losses if this support level around 0.8865 breaks through strongly.

Result:

[PCMAnalyst]

The price is on 0.786 and we can see a reciprocal ab=cd pattern in H4 TF. We will see it dropping if the supply increases in the market.

[Samirofi]

Midday update for AUD USD 12/08/2013



The pair shows some bearish bias approaching from retesting 0.9130, which represents the first protection factor for the continuation of our positive expectations for today.

In general, we still prefer witnessing bullish bias for today, where its main target is 0.9305, supported by Stochastic attempts to gain the positive momentum on the four hours time frame.


Expected trading range for today is between: 0.9100 support and 0.9305 resistance.

Expected trend for today: Bullish

[Samirofi]

AUD USD pushes negatively 13/08/2013



The pair started today’s trading with bearish bias to trade below 0.9130, but we depend on yesterday’s closing above this level to continue suggesting the intraday bullish trend, which targets 0.9305


EMA50 and stochastic are factors that support our suggested positive overview, which remain valid unless the price broke 0.9075 followed by 0.9040 levels.

Expected trading range for today is between: 0.9040 support and 0.9305 resistance.

Expected trend for today: Bullis

[PCMAnalyst]

As we cited an previous analysis we saw the price dropped by forming a harmonic pattern. We are expecting to see still a selloff if the supply to be continued.