AUDUSD Weekly Technical Analysis (11-15 May,2015) | May 9, 2015

Audusd is still trading on the resistance zone. On daily chart, this pair has formed beaish candle on resistance level 0.8000 area. Now this pair is staying below that level. So this is still on bearish sentiment on this pair. Last week, this pair formed pin bar. Now this pair has taken some retrace and now it is the time to fall down. So we can expect some down movement on this pair.


Signal Service: Premium Membership (Signal Subscription), real time update, opening and closing notifications via twitter, email and whatsApp, daily market update with chart analysis, free profitable forex strategy. For premium membership subscription click here

For free forex signals, click here



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.816

Resistance One (R1): 0.8046

Pivot Point: 0.7916

Support One (S1): 0.7802

Support Two (S2): 0.7672