2013.12.04 | AUDUSD Market Analysis
AUDUSD Trends & Fibonacci Retracement Levels
The AUDUSD currency pair has been declining in forex market trading today with the AUDUSD registering a high of 0.91393 and reaching to a low of 0.90071 on the day. Trends data shows the pair is remaining in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Major level of 0.9000 lurks below that could offer support for this falling pair.
AUDUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -226.5 pips
30-day current trend is BEARISH / Trend strength of -577.2 pips
60-day current trend is BEARISH / Trend strength of -207.8 pips
90-day current trend is BULLISH / Trend strength of 362.4 pips
180-day current trend is BEARISH / Trend strength of -1023.5 pips
Fibonacci Retracement Levels: Past 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 News & 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.
