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



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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.


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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



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