Date: 12.11.2012 Time: 17:53 Rate: 1.0427
4 Hour chart
Last Review
AUD/USD Forecast- As it was written on yesterday’s review, the price has reached the 1.0747 target and stopped. Breaking of the 1.0387 price level will probably lead the price towards the closest support on the 1.0330 price level. On the other hand, breaching of the 1.0474 price level will probably lead the price towards the next resistance on the 1.0519 price level.
Current review for today
AUD/USD Forecast- the price has breached the 1.0387 price level but left a large shadow downwards by doing that (it shows an aggressive come back of the buyers to the market). The next few candles show that indeed the buyers are back in the picture. Breaching of the 1.0474 price level will lead the price towards the next resistance on the 1.0519 price level. On the other hand, another breaking of the 1.0387 price level will probably lead the price towards the next support on the 1.0330 price level.
You can see the chart below:
