NEWS: AUD/USD price increased 0.4% after the Fed's minutes showed the bank is set to continue supporting the economy.
Possible Scenarios:
If AUD/USD fails to breach through R1 of 0.76480, our Research Department expects the AUD/USD to undergo a short-term downward correction.
If AUD/USD manages to break above its R1 of 0.76480, our Research Department expects the AUD/USD to extend its gains to its R2 of 0.76653.
Support and Resistance Levels:
AUD/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.75671 |
0.75845 |
0.76018 |
0.76249 |
0.76480 |
0.76653 |
0.76827 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.13 |
(+/-) £72.81 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.18868
***GBP/USD = 1.37750
Calculations for exchange rate used as of 8:15 (GMT+1) 08/04/2021