Currencies: Technical Strategies

2

2
Has the Aussie Found Bottom?
Wed, Oct 22 2008, 20:29 GMT
by Andrei Pehar
fxKnight.com
The AUD/USD pair has shed over 3500 pips in a dramatic
sell-off which has lasted since July. Have we finally found a bottom?
Currently, the Aussie is ranging between the 161% Fibonacci level at 0.6537 and
the 138% Fib level at 0.7019 - what happens next very much depends upon which
side of this range price eventually chooses.
If we break above 0.7019 and successfully re-test that level as support, then
we may eventually see price rise to 0.7801
If, on the other hand, 0.6537 fails to hold as support, and we successfully
re-test that level from below as resistance, then we could well see price drop
further -perhaps as far as 0.5755, or if that level breaks, then 0.4491

Published on
Wed, Oct 22 2008, 20:39 GMT
Archive
- An Interesting Chart- The USD/CAD Weekly
Published On Fri, Oct 30 2009, 22:25 GMT
- Next Levels to Watch on the EUR/USD
Published On Thu, Sep 24 2009, 01:22 GMT
- Key Level to Watch for the Yen
Published On Mon, Mar 16 2009, 20:04 GMT
- How Much Further Can the Pound Fall?
Published On Tue, Jan 13 2009, 13:33 GMT
- Has the Aussie Found Bottom?
Published On Wed, Oct 22 2008, 20:29 GMT
[ View All ]
BK Trading
http://www.fx-knight.com | info@fxknight.com
Legal disclaimer and risk disclosure
Black Knight Currency Trading shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided on this website. The contents of any report provided should not be construed as express or implied investment advice, as a guarantee or implication that clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments, such as foreign exchange trading and investment in derivatives, can be very speculative and may result in profits, as well as losses, especially if the conditions mentioned in the analysis do not occur as anticipated.
Black Knight Currency Trading will not be held legally or morally responsible for trading decisions made by investors on their own trading account. We will not be responsible to compensate for any lawsuit on loss, expenses, costs, and/or damages resulting from trading in the international markets.
All trading deals that an investor makes on his/her own trading account are the responsibility of the investor him/herself. The investor guarantees his/her ability to handle any financial losses resulting from trading in the international markets.
Related reports
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
The best pair to trade now - AUD/USD: acceleration expected by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 13:27 GMT
Market Session Recaps - London Session by FOREX.com
Fri, Nov 20 2009, 11:37 GMT
Daily Forex Overview by Dukascopy Swiss FX Group
Fri, Nov 20 2009, 11:08 GMT
Market Session Snap-Shot by ACM - Advanced Currency Markets
Fri, Nov 20 2009, 11:06 GMT
audusd
View All
Related content
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
European Morning Wrap Up; USD, JPY firm
Forex Live | Fri, Nov 20 2009, 11:59 GMT
Forex: AUD/USD: Aussie breaks below 0.9130; approaching 0.9100
FXstreet.com | Fri, Nov 20 2009, 11:15 GMT
Forex: AUD/USD: Rejected at 0.9210 area, Aussie approaches day low at 0.9150
FXstreet.com | Fri, Nov 20 2009, 09:30 GMT
audusd
View All
The Advisor Weblog » AUD/USD testing daily trendline
Fri, Nov 20 2009, 12:03 GMT
The Trader’s Edge » More upward movement on the AUD/USD?
Thu, Nov 19 2009, 08:32 GMT
Tech Trading » AUD/USD Holds above 200 SMA on 1 hour chart
Tue, Nov 17 2009, 15:44 GMT
FX Path » AUD/USD - New 15-Month High
Tue, Nov 17 2009, 01:38 GMT
The Advisor Weblog » Cad and Aud falling
Thu, Nov 12 2009, 15:31 GMT
audusd
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.