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AUDUSD Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015
Audusd has rejected from its resistance level. 0.7840-0.7860 level is very strong resistance for this pair. It tried to break that level several times, but it failed to break that. We saw rejection from that resistance area and then it test that level again. After NFP news released, this pair fell from that level sharply. So more down movement expected on this pair. It also broke 0.7740 support level. This level will act as near term resistance for this pair. We can take sell from that level. Target will be 0.7650 support area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7913
Resistance One (R1): 0.7812
Pivot Point: 0.7759
Support One (S1): 0.7658
Support Two (S2): 0.7605
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