AUDUSD Forecast for the week 20th January, 2014
AUDUSD Forecast for the week 20th January, 2014
Daily Chart
- We have broken a main support last week after rejecting the monthly pivot level
- A retest of which now as resistance would be a good entry for trend continuation down
- Forecast support is at the 127.2fib ext which also is the Monthly S2 pivot at 0.862
4H Chart
Hourly Chart
- We are hoping the market would retrace to around the 50% (127.2ex) or 61.8 (161.8ex) so we could go short
Outlook Trade opportunity
Trade opportunity to go short and follow the trend is shown on the H1 ChartRisk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
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