Bearish trend | AUD/USD

Waiting for price action to offer  opportunity down the road.     

  The major trend of AUD/USD is bearish, but from last few days it has shown profit booking in lower levels. In its hourly chart prices are sustaining below the falling trendline & consolidating with a positive bias. If the pair breaks the level of 0.7800 & sustains above it then we can expct it to test the level of 0.7840 in today's session.

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STRATEGY:- For Today AUD/USD is looking strong on chart. We can expect positive side movement for few upcoming session. One can go for buy on dips strategy for this pair for intra day positions.

                                                         Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1207	1.1254	1.1329	1.1376	1.1451	1.1498	1.1573
GBP/USD	1.5047	1.5127	1.5256	1.5336	1.5465	1.5545	1.5674
USD/JPY	116.27	117.38	118.25	119.36	120.23	121.34	122.21
USD/CHF	0.9173	0.9212	0.9260	0.9299	0.9347	0.9386	0.9434
AUD/USD	0.7517	0.7579	0.7657	0.7719	0.7797	0.7859	0.7937
EUR/GBP	0.7281	0.7325	0.7368	0.7412	0.7455	0.7499	0.7542
USD/CAD	1.2200	1.2318	1.2412	1.2530	1.2624	1.2742	1.2836
NZD/USD	0.7154	0.7233	0.7330	0.7409	0.7506	0.7585	0.7682

FOREX Signal For Today: AUD/USD chart

AUD/USD Chart

FOREX Signal Today:
Sharp increase in AUD/USD prices on RBA Rate statements. AUD/USD while forming reverse H&S, has increase 1.6%. Next resistance to look for is 0.8920 which is FIBO 23.6% level as well.

FOREX Signal For Today: Gold Technical Analysis

AUD/USD H1

FOREX Signal For Today

AUD/USD has formed double bottom in hourly chart indicating reversal pattern. Bears are advised to be cautious while bulls can wait for confirmation before going LONG.

GOLD TECHNICAL ANALYSIS – Prices are testing above resistance at 1272.99, the 50% Fibonacci retracement level. A break higher on a daily closing basis exposes the 61.8% level at 1282.80. Near-term support is in the 1263.10-67.71 area, marked by a horizontal pivot and the 38.2% Fib.