AUDUSD Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

Audusd was falling continuously. On daily chart, every candle is bearish. So it is showing its bearish momentum. It has broken its recent support level at 0.7777 area. Now it is going towards another important support level at 0.7550 area. It will be key level for this pair. We can get pull back from that area, otherwise it can fall more if it can break that support. At this moment, we need to stay on sell side on audusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7923

Resistance One (R1): 0.7781

Pivot Point: 0.7699

Support One (S1): 0.7557

Support Two (S2): 0.7475