AUDUSD Weekly Technical Analysis (6-10 April, 2015) | April 5, 2015

Audusd has pulled back from support area. A pin bar has been formed on that level. 0.7555 area is good support level for this pair. This pair fail to break it and on daily chart, we saw a pin bar. This pin bar indicates us about rejection from support area. So we can see bullish momentum on this pair. Above this support level, this pair will try to be bullish. So we can stay on upside for this pin bar. We can target 0.7700 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7849

Resistance One (R1): 0.7739

Pivot Point: 0.7635

Support One (S1): 0.7525

Support Two (S2): 0.7421