Date: 13.11.2012 Time: 17:15 Rate: 1.0431
4 Hour chart
Last Review
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.
Current review for today
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.
You can see the chart below:
