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AUDUSD Technical Outlook (26-30 January,2015) | January 25, 2015

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AUDUSD has broken its physiological level at 0.8000. It was very critical level for this pair. As it break it successfully, we can see more down fall in this pair. It has free space to fall. Next target will be 0.7700 area. We need to take entry from retest of 0.8000 level. So for taking sell entry, 0.8000-0.8030 area is best which is very good sell zone.

In weekly chart, we can see big bearish candle which break 0.8000 level. So this candle is showing the bearish power on this pair. Daily candle is also give same concept on this pair to stay on downside. So our recommendation is to stay on downside and sell from retracement.

Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.8376

Resistance One (R1): 0.8141

Pivot Point: 0.8006

Support One (S1): 0.7771

Support Two (S2): 0.7636

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