Overview:
AUD/USD: According to the previous events, the price has still been trapped between 0.9380 and 0.9420. Therefore, the first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bullish signs. In other words, it will be a good sign to buy above 0.9415 (it should be noted, at the level of 0.9415 is formed double bottom on H4 frame time) with the first target at 0.9515 and the price will climb towards 0.9610. However, if the pair fails to break 0.9610, the market will indicate a bearish opportunity below 0.9610, then the level will really act as strong resistance. It will be a good sign to sell below 0.9610 with the first target at 0.9575 and it will call for a downtrend in order to continue bearish movement towards 0.9500.
Intraday Technical Levels:
Date: 25/09/2013
Pair: AUD/USD
R3: 0.9491
R2: 0.9460
R1: 0.9425
PP: 0.9394
S1: 0.9359
S2: 0.9328
S3: 0.9293
Notes:
Resistance: 0.9610 - 0.9650
Support: 0.9425 - 0.9310
