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AUDUSD Weekly Technical Outlook | December 20, 2014



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AUDUSD is maintaining its down rally. It is full on downward momentum. It faced little support near at 0.8100 area. In Daily chart, we can see inside bar pattern. Highest point of this inside bar is 0.8234 and lowest point is 0.8108. Within this range, two daily inside bar candles are formed. For taking entry, we need to wait for breakout of this range. above 0.8234, we can go for buy and below 0.8108 we can take sell entry.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.8343

Resistance One (R1): 0.8243

Pivot Point: 0.8175

Support One (S1): 0.8075

Support Two (S2): 0.8007


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