Wednesday 14 May 2014

FOREX Market Overview: Forecast For Today

The market profile for the Australian dollar can be attributed to the normal deviation of a normal day. The Australian dollar, which fell against the U.S. dollar in the first half of the day, then suddenly began to recover their positions , indicating the presence of a large buyer about strong levels of support in the VAL 7 May- 0.9331. On yesterday's fair price protection zones are located in areas VAL - 0.9341 and VAH -0.9369. Control point POC was formed in 0.9354.

Forecast for Today:

Forecast For Today
During today's Asian session, the Australian dollar continued its upward trend movement against the U.S. dollar. In case of further strengthening its position pairs, the first significant level of resistance will VAH April 15- 0.9423, above which the market can start a new large buyers that will AUD/USD to reach new highs around 10 April VAH- 0.9442, and then and the maximum current year- 0.9460. Sellers have no choice but to wait for the return to the first pair of support VAH 8 May- 0.9393, as well as to a stronger level VAH 12 May- 0.9373. Only after consolidation below these areas will be to talk about reducing the AUD/USD to POC from May 7- 0.9339 and VAH, April 28 - 0.9308.

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