AUDUSD – Weekly Forecast 18-22 Nov 2013

23
1526
Minors - 956854 (1)

Recommendations: SHORT positions below 0.9420 with  0.9330 &  0.9280 as next target.
Alternative scenario:The upside breakout of 0.9420 will open 0.9542/0.9622  levels.
Description: Stability below 0.9420 will keep the pair under pressure with risk towards 0.9280 levels, at this point I’d expect strong support from 0.9280 to limit fall from 0.9757 levels and bring reversal to the upside , resistance is at 0.9420, sustained trading above this level would bring rebound towards 0.9542 ahead of 0.9622 levels, above this level will look for 0.9757 levels.On the downside, sustained trading below 0.9280 levels will have large bearish implication towards 0.9166 levels ahead of 0.8847 levels.

Support and resistance : 0.8847 ,0.9166 , 0.9280 (main) ,0.9420, 0.9542 , 0.9622 , 0.9757 , 0.9960, 1.0310

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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