2013.12.17 | 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 0.89572 and reaching to a low of 0.89173 on the day. Trends data shows the pair is continuing lower today in the short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair is essentially trading in a neutral trend as seen on the daily chart by the 90-day Linear Regression Channels below. The AUDUSD has stemmed the sharp decline from last week that brought the pair below the 0.9000 level and has been consolidating for the past few days. Look for local support at the 0.8900 level while the 0.9050 and the 0.9000 major level above presents resistance.
AUDUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -205.8 pips
30-day current trend is BEARISH / Trend strength of -558.8 pips
60-day current trend is BEARISH / Trend strength of -516.3 pips
90-day current trend is BULLISH / Trend strength of 51.0 pips
180-day current trend is BEARISH / Trend strength of -876.7 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.
