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  1. #1
    Legendry Member milos's Avatar

    AUSSIE UNDER PRESSURE THIS WEEK. !!!

    Bearish trend line this week.

  2. #2
    Legendry Member milos's Avatar
    The Australian dollar resumed its decline against the US dollar.It approached the lowest level in the last four months.Janet Yellen sent message that the Fed may increase interest rates strengthened the US currency. It can have a negative effect on commodity currencies like the Australian dollar.The currency pair AUD/USD fell by 0.29%.

    AUD/USD is under pressure. The RSI is mixed to bearish with targets 0.7530 and 0.7510 in extension.

    Support and resistance levels
    0.7658 resistance
    0.7619 resistance
    0.7554 last
    0.7453 support
    0.7390 support

  3. #3
    Legendry Member milos's Avatar
    The Australian dollar was also under the influence of bad NFP report from the US. It rose against the US dollar by 0.77% to 0.7615. It slowly stabilized at 0.7570. Australian dollar maintained its level against the US dollar.

    Supports and resistances levels
    0.7655 resistance
    0.7640 resistance
    0.7620 resistance
    0.7570 last
    0.7533 support
    0.7500 support
    0.7485 support

    I used H4 charts for put option a week expiry.

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