Forecast:
According to previous events, The AUD/USD pair has still been trapped between 0.9090 and 0.9030. Strong resistance will be formed at the level of 0.9140 providing a clear signal for sell deals with the target seen at 0.9030. Stop-loss is to be placed above 0.9175. Strong level (support) will be formed at the level of 0.9010 providing a clear signal for buy deals with the target seen at the 0.9110 level. Stop-loss is to be placed below 0.8980.Notes:
The double top will be set at the level of 0.9133. We expect a range of 64 pips. But it should be noted that the risk of 64pips must make a profit of 96 pips. Volatility: 85.81. Therefore, the market indicates the higher volatility. The value of 50% Fibonacci retracement levels is 0.9033 (for confirming for the bullish market).Intraday technical levels:
Date and Time: 13/03/2014 09:53
Pair: AUD/USD
R3: 0.9198 R2: 0.9139 R1: 0.9103 PP: 0.9044 S1: 0.9008 S2: 0.8949 S3: 0.8913