19 Feb 2015
AUD/USD downside protected by 0.7785/80 levels – DayTradeIdeas
FXStreet (Barcelona) - Jason Sen of DayTradeIdeas, shares the technical outlook and key levels for AUD/USD.
Key Quotes
“AUDUSD same levels apply for today with first support at 7780. A bounce from here re-targets resistance at 7825/30. We should struggle here again but shorts need stops above 7850.”
“Be ready to go with a break higher however to target strong resistance at 7875/80.”
“A very good chance of a high for the day here and it should be worth trying shorts with a stop above 7900. An unexpected break higher however could go on to target 7935/7940.”
“First support at 7785/80 could now hold the downside but longs need a stop below 7765.”
“A break lower is negative again and risks a retest of this week’s low at 7750/45. Failure here today would target 7735 then support at 7715/10. It could be worth trying longs here with a stop below 7695.”
Key Quotes
“AUDUSD same levels apply for today with first support at 7780. A bounce from here re-targets resistance at 7825/30. We should struggle here again but shorts need stops above 7850.”
“Be ready to go with a break higher however to target strong resistance at 7875/80.”
“A very good chance of a high for the day here and it should be worth trying shorts with a stop above 7900. An unexpected break higher however could go on to target 7935/7940.”
“First support at 7785/80 could now hold the downside but longs need a stop below 7765.”
“A break lower is negative again and risks a retest of this week’s low at 7750/45. Failure here today would target 7735 then support at 7715/10. It could be worth trying longs here with a stop below 7695.”