AUDUSD Daily Forecast Nov 13 2014

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Minors - 956854 (1)

Outlook in AUDUSD remains neutral with risk to the downside at the moment ,  resistance comes at the 0.8761 levels , a break on a daily closing basis will extend recovery towards the 0.8910 levels before the next fall.

On the downside , a failure to hold above the 0.8761 levels on a daily closing basis could mean a return to the 0.8644 levels , losing this level will open main support at the 0.8540 levels , a cut will call for a fall towards the 0.8440 levels , further losses will aim the 0.8300 levels.

In all , the AUDUSD is likely to consolidate within 0.8761/0.8540 range , above 0.8761 will extend recovery towards the 0.8910 levels while below 0.8540 will resume the bearish move towards the 0.8440 levels ahead of the 0.8300 levels…

 

AUDUSD Daily Forecast Nov 13 2014

 

AUDUSD Daily Forecast Nov 13 _2014_H4

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