{"id":9494,"date":"2010-05-18T07:48:10","date_gmt":"2010-05-18T11:48:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9494"},"modified":"2010-05-18T07:48:10","modified_gmt":"2010-05-18T11:48:10","slug":"audusd-seems-on-its-way-towards-the-0-8570-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/18\/audusd-seems-on-its-way-towards-the-0-8570-level\/","title":{"rendered":"AUD\/USD Seems On Its Way towards the 0.8570 Level"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The AUD\/USD pair seems about to break the trading range. The pair was  range-trading between the 0.8700 and the 0.9400 levels for several  weeks now, yet recently saw a sharp drop. The pair slid about 600 pips  in 2 weeks, and is now trading at the 0.8760 level. Can it drop further?<\/p>\n<p>\u2022 The chart below is the AUD\/USD 1-day chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 The pair has recently failed to breach the support level placed at the  price of 0.8675. The pair now seems on its way to test the support  level again.<br \/>\n\u2022 Both the MACD and the RSI are providing bearish signals, suggesting  that the pair has potential to cross the support level.<br \/>\n\u2022 In case that the support level will be breached, the pair is likely to  drop towards the 0.8570 level. The next support level will then be at  the 0.8400 price.<br \/>\n\u2022 The current resistant level is placed at the 0.9030 level. The next  resistant levels are at 0.9110 and 0.9320.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/AUD-USD.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/AUD-USD.bmp\" alt=\"\" width=\"595\" height=\"547\" \/><\/a><\/p>\n<p><strong><em>Forex Market     Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                     Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                     may not be suitable for all   investors.       There    is  a              possibility      that       you   could       sustain a  loss   of  all   of    your           investment and            therefore  you        should   not    invest     money  that   you            cannot afford to         lose. You      should    be      aware of     all       the    risks      associated   with     Foreign       Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; The AUD\/USD pair seems about to break the trading range. The pair was range-trading between the 0.8700 and the 0.9400 levels for several weeks now, yet recently saw a sharp drop. The pair slid about 600 pips in 2 weeks, and is now trading at the 0.8760 level. Can it drop &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/18\/audusd-seems-on-its-way-towards-the-0-8570-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Seems On Its Way towards the 0.8570 Level&#8221;<\/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-9494","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9494","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=9494"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}