2013.11.26 | AUDUSD Market Analysis
AUDUSD Trends & Fibonacci Retracement Levels
The AUDUSD currency pair has been falling sharply in forex market trading lately with the AUDUSD registering a high of 0.92030 and a low of 0.91224 for today. Trends data shows the pair is currently in a short-term downtrend as prices are trading below the 21 period linear short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend but prices are deviating sharply from the current trend. Two upcoming lower targets include the 23.6% fibo level at 0.9061 and the major 0.9000 level below.
AUDUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -243.5 pips
30-day current trend is BEARISH / Trend strength of -476.9 pips
60-day current trend is BULLISH / Trend strength of 101.4 pips
90-day current trend is BULLISH / Trend strength of 469.7 pips
180-day current trend is BEARISH / Trend strength of -1111.8 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
