Forex Analysis: 2012-03-02 08:59:33 UTC+00 2 years, 4 months, 3 weeks, 3 days, 6 hours, 6 min. ago
AUD/USD Wave Analysis for March 2, 2012

 

The AUD/USD pair finished the wave 1.0597-1.0856 (A of the 5th order) and is presently forming a correction with completed sub-wave A of the 2nd order coming to 1.0715. The B (or the new wave A in C of the 5th order) is developing from the point 1.0715.
The downside targets are provided by the correctin grids 1.0597-1.0856 and expansion grids 1.0856-1.0715-1.0817.
Nearest support levels
- 1.0730 = 61.8% expansion
- 1.0696 = 61.8% correction
- 1.0676 = 100% expansion
- 1.0589 = 161.8%
If the pair continues the ascending movement and manage to break the 1.0856 level, the nearest resistance levels will be provided by the expansion grid 1.0597-1.0856-1.0715.
- 1.0875 = 61.8% expansion
- 1.0974 = 100%
Direction of deals: BUY-deals are recommended as long as the pair is higher than 1.0715.

 


Show full picture

 

Wave levels (marking):
1st order (the lowest) – dotted line
2nd, 3rd order and higher - line weight 1, 2 etc.
The same is for Fibonacci grids.

 

Performed by
analytical expert: Denis Strelkov
InstaForex Group © 2007-2014
 Published: 2012-03-02 08:59:33 UTC+00 2 years, 4 months, 3 weeks, 3 days, 6 hours, 6 min. ago

 
Recommend: Forex Analytics
 
Technical analysis of EUR/USD for July 25, 2014
2014-07-25 03:14:56 UTC+00 1 day, 3 hours, 51 min. ago  
Views today 719
Gold Technical analysis for July 25, 2014
2014-07-25 07:55:36 UTC+00 23 hours, 10 min. ago  
Views today 667
Technical analysis of EUR/JPY for July 25, 2014
2014-07-25 12:04:32 UTC+00 19 hours, 1 min. ago  
Views today 733
Daily analysis of Silver for July 25, 2014
2014-07-25 15:34:28 UTC+00 15 hours, 31 min. ago  
Views today 642
Intraday technical levels and trading recommendations on EUR/USD for July 25,...
2014-07-25 13:35:43 UTC+00 17 hours, 30 min. ago  
Views today 687