AUD/USD Hourly Chart
AUD/USD Daily Chart
Australian Dollar - US Dollar Exchange Rate: 1.0487 (at the time of analysis update).
AUD/USD Outlook: Short term: Volatile Sideways. Near-term: Up/Volatile Sideways.
AUD/USD Analysis (December 6, 2012): A buy position at 1.0480 with a stop-loss at 1.0460 (-20 pips) and take-profit target first at 1.0505 (+25 pips) and then 1.0520 (+40 pips). Please note that 1.0500 psychological level may cause some resistance and hence a very minimum risk (stop-loss) is advised.
Previous Analysis (December 5, 2012): A short-selling order at 1.0470 with a stop-loss at 1.0485 (-15 pips) and take-profit target first at 1.0445 (+ 20 pips) and then 1.0415 (+50 pips).
Note: Please subscribe to the "AUD/USD Analysis alerts" on the right hand side of this page so that we can send email alerts as soon as we update the Daily and weekly Forex analysis.
Note: Please also take a look at AUD USD forecast for mid-term trading approach/outlook updated on the weekends for AUD/USD.
You may also check analysis for for USDJPY in the Forex forum and Forex blogs.
|AUD/USD Interest Rate Comparison|
(For Carry Trades)
AUD/USD : Resistance and Support with Daily Pivot Points (Values at GMT 00:00)
Copyright ForexAbode All rights reserved.