AUDUSD Weekly Analysis (30 March-3 April, 2015) | March 28, 2015

Audusd pulled back from resistance level. 0.7900-.07930 level is very good resistance for this pair. A spinning top has been formed on this resistance level on daily chart. Bearish candle was formed after that spinning top which gave sell signal on this pair. After that we saw continuous falling on audusd. This pair got back bearish power again. In weekly chart, a bearish rejection pin bar has been formed which also gives sell idea in this pair. We can see bearish continuation in the coming weeks. 1st target will be 0.7650 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.8003

Resistance One (R1): 0.7875

Pivot Point: 0.7809

Support One (S1): 0.7681

Support Two (S2): 0.7615