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FX.co ★ AUDUSD Point and Figure Chart

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Forex Analysis:::2012-09-03T07:26:15

AUDUSD Point and Figure Chart

AUS/USD step 303:
The AUS/USD pair is close to the main line of an uptrend of 1.028.
Now we have a great opportunity for buying.
The target for buyers is the resistance level of 1.058.
In case of overcoming the support level of 1.01, the tendency will be completely changed to downtrend and we will get a buy signal.

AUDUSD Point and Figure Chart

AUD/USD step 203:
The prevailing tendency on the 203 chart is downtrend.
However, taking into account the elder chart, we recommend buying the pair with the first target at 1.06.
Having overcome the resistance level of 1.054, we will receive an additional buy signal.

AUDUSD Point and Figure Chart

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