Date: 19.11.2012 Time: 17:13 Rate: 1.0404
4 Hour chart
AUD/USD Forecast- the price has descended and checked the 1.04110 support level while breaching the 1.0443 resistance level will probably lead the price towards the closest resistance on the 1.0474 price level and its breaching will lead the price towards the next resistance on the 1.0519 price level. On the other hand, stoppage of the price at the current area and breaking the 1.0390 price level will probably lead the price initially towards the 1.0330 support level and its breaking will lead the downtrend towards the next support on the 1.0250 price level.
Current review for today
AUD/USD Forecast- the price has reached the 1.0300 target very accurately while the downtrend has stopped on this level and the price has created a sharp uptrend while the ascending trend line between the lows is currently used as a dynamic resistance, and in addition the 1.0411 resistance level will make it hard for the buyers. Breaching the 1.0411 price level and its establishment above the ascending trend line (black broken line) and it is possible that the price will cross the last peak/ resistance on the 1.0747 price level. On the other hand, descending of the price under the Bollinger’s moving average will probably lead the price towards the 1.0300 price level again.
You can see the chart below: