Sunday 25 October 2015

Forex Technical Analysis of AUDUSD for October 26, 2015

Support - S1 : 0.7183 | S2 : 0.7140 | S3 : 0.7083
Resistance - R1 : 0.7282 | R2 : 0.7339 | R3 : 0.7382
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis price moves between EMA(50) and EMA(200) which have upward cross. Also is at the bottom of the lower channel of Andrew's Pitchfork.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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