2013.12.11 | AUDUSD Market Analysis
AUDUSD Trends & Major Market Levels
The AUDUSD currency pair has been declining in forex market trading today with the AUDUSD registering a high of 0.91514 and reaching to a low of 0.91038 on the day. Trends data shows the pair has crossed into a short-term uptrend the past few trading days with prices trading over 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. The Aussie needs to maintain short-term momentum above the 0.9100 level over the next few days to stave off further decline and opening up the 0.9000 level.
AUDUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 29.5 pips
30-day current trend is BEARISH / Trend strength of -505.2 pips
60-day current trend is BEARISH / Trend strength of -382.1 pips
90-day current trend is BULLISH / Trend strength of 191.5 pips
180-day current trend is BEARISH / Trend strength of -933.4 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 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.
