Today's Forex Technical Report

Daily Technical Report

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2421	1.2466	1.2510	1.2555	1.2599	1.2644	1.2688
GBP/USD	1.5474	1.5531	1.5607	1.5664	1.5740	1.5797	1.5873
USD/JPY	115.93	116.37	117.18	117.62	118.43	118.87	119.68
USD/CHF	0.9456	0.9493	0.9531	0.9568	0.9606	0.9643	0.9681
AUD/USD	0.8448	0.8523	0.8571	0.8646	0.8694	0.8769	0.8817
EUR/GBP	0.7926	0.7956	0.7981	0.8011	0.8036	0.8066	0.8091
USD/CAD	1.1233	1.1262	1.1301	1.1330	1.1369	1.1398	1.1437
NZD/USD	0.7728	0.7782	0.7818	0.7872	0.7908	0.7962	0.7998

Today's Chart: AUD/USD ( HOURLY )

SUMMARY:

The primary trend of AUD/USD is bearish, it has formed a falling wedge in its hourly chart which is expected to give breakout at upside. If AUD/USD breaks the level of 0.8610 & sustains above it then, can come up to the levels of 0.8660 in today's session. Prices are taking support of 30 DMA & can come up to test 200 DMA. RSI & Stochastic is also supporting the buying for intraday positions.

Technical Chart

STRATERGY :- AUD/USD is looking strong on charts. Indicators are also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions