AUDUSD Daily Forecast Mar 25 2014

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Minors - 956854 (1)

The AUDUSD continued its bullish momentum yesterday , printed support at the 0.9047 levels . This development leaves the pair targeting the 0.9220 levels , a halt is likely , but break of the 0.9220 levels would open 0.9300 next , further upside will aim the 0.9400 levels .

On the downside , support comes at the 0.9075 levels  ahead of the 0.9047 levels  ( main ) , losing the 0.9047 levels on a daily closing basis will turn outlook neutral for retesting 0.8972 levels before the next possible rise , sustained trading below the 0.8972 will reverse risks towards the 0.8890 levels.

In all as long as support 0.9047 holds on a daily closing basis , the AUDUSD  will remain based to the upside towards the 0.9220 levels , below 0.9047 would delay the bullish move fore retesting the 0.8972 levels before the next rise…

 

 

AUDUSD Daily Forecast Mar 25 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS