Forecast:
- According to previous events, The AUD/USD pair has still been trapped between 0.9090 and 0.9030.
- Strong resistance will be formed at the level of 0.9140 providing a clear signal for sell deals with the target seen at 0.9030. Stop-loss is to be placed above 0.9175.
- Strong level (support) will be formed at the level of 0.9010 providing a clear signal for buy deals with the target seen at the 0.9110 level. Stop-loss is to be placed below 0.8980.
Notes:
- The double top will be set at the level of 0.9133.
- We expect a range of 64 pips. But it should be noted that the risk of 64pips must make a profit of 96 pips.
- Volatility: 85.81. Therefore, the market indicates the higher volatility.
- The value of 50% Fibonacci retracement levels is 0.9033 (for confirming for the bullish market).
Intraday technical levels:
Date and Time: 13/03/2014 09:53
Pair: AUD/USD
- R3: 0.9198
- R2: 0.9139
- R1: 0.9103
- PP: 0.9044
- S1: 0.9008
- S2: 0.8949
- S3: 0.8913
