The currency pair AUD / USD went down. Price now took the bearish trend. The trading range was about 237 points. In this case, the mark formed in High - 0.8024 while the Low level, could be seen at a minimum - 0.7787. AUD / USD is trading near 0.7780, down by 1.55%.
AUD / USD start recovery from the lows, but there are no signs of loss of bearish trend, and after the loss of the 200-month MA at 0.7781, the pair expects the further fall. On the way down the price can demonstrate attempts to correct, especially if next week the RBA surprised the markets and does not show such a "pigeon" attitude. In case of correction, the pair found resistance at 0.8034 (minimum of January 7) and 0.8080 (20-DMA). The key resistance at 0.8177.
Technical Analysis
The US dollar remains positive against Canadian rival, resulting in USD / CAD is trading around 1.2550 / 60. USD / CAD is at multi-year highs. The pair continues to be in demand, trading near the levels of April 2009, over 1.2550. In the absence of releases from Canada Forex market participants will focus on applications for unemployment benefits in the US.
AUD / USD plans to go down today. Price is trading below the Ichimoku cloud and moving averages EMA (50 and 100), indicating the superiority of the market bears. MACD averages as well as OsMA pulses are below zero, point to further sales in the future. Significant levels: Buy - 0.7947; 0.8040; Sell - 0.7859. Objectives: The sale to the goal - 0.7750 and below, said Forex Trend experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
