AUDUSD Technical Analysis (16-20 February,2015) | February 14, 2015

Audusd had rejected from support area at 0.7640. It made double bottom at that level. Now it is facing down trend line. Below this trend line, this pair will face down pressure and it can down again. If it can break this trend line, then we can see this pair to important resistance level at 0.7840-0.7850. This level will be critical for this pair. If this pair holds that level, then we can see another down fall rally from that level and target will be 0.7650 area. We can see Doji pattern on weekly chart. Next weekly candle is very important for this pair. So our recommendation on this pair is to stay on downside below trendl ine and sell from key resistance zone.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7943

Resistance One (R1): 0.7848

Pivot Point: 0.7746

Support One (S1): 0.7651

Support Two (S2): 0.7549