{"id":27148,"date":"2012-02-06T07:45:56","date_gmt":"2012-02-06T12:45:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=27148"},"modified":"2012-02-06T07:45:56","modified_gmt":"2012-02-06T12:45:56","slug":"audusd-outlook-feb-5-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/02\/06\/audusd-outlook-feb-5-2012\/","title":{"rendered":"AUD\/USD Outlook – Feb 5, 2012"},"content":{"rendered":"

AUD\/USD\u00a0moved up, as mentioned during the last weekend and quoted above, and went as high as 1.0794 and closed for the week at 1.0770. The break over 1.0765 was a significant move as it marked the break of very strong resistances faced on September 1st, 2011 and October 27th, 2011. Both of these previous resistances had brought a very strong fall for AUDUSD.<\/p>\n

\"aud\/usd<\/p>\n

The overall outlook stays bullish for AUD\/USD and if there is no break below 1.0565 then we would expect the upward move to continue first towards 1.1000 resistance and with a break over 1.1000, further towards 1.1079 high.<\/p>\n

Please note that the above outlook will stay if the currency pair does not break below 1.0565\/1.0560. Any break of this support zone would represent the break below the support zone of the previous week as well as the break below 22-day EMA resistance. When we are saying the support of the last week, we are ignoring one day\u2019s move to 1.0526. Such a move will make our short-term outlook neutral and any firm break below 1.0526\/1.0525 will make us expect further downward move towards 1.0420\/1.0400 i.e. towards the 55-day EMA support. Please note that 1.0525\/1.0526 does not only represents the bottom of the last week and hence an expected support but also the support of Kijun-sen of the daily Ichimoku cloud of AUDUSD.<\/p>\n

Overall we stay bullish for AUDUSD and will be expecting a move towards 1.1000 if the support levels mentioned above hold good.<\/p>\n

You may also check the weekly\u00a0aud usd forecast<\/a> and daily aud\/usd analysis<\/a> at ForexAbode.<\/p>\n","protected":false},"excerpt":{"rendered":"

AUD\/USD\u00a0moved up, as mentioned during the last weekend and quoted above, and went as high as 1.0794 and closed for the week at 1.0770. The break over 1.0765 was a significant move as it marked the break of very strong resistances faced on September 1st, 2011 and October 27th, 2011. Both of these previous resistances … <\/p>\n

Continue reading “AUD\/USD Outlook – Feb 5, 2012”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27148","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27148"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}