NEWS: AUD/USD price increased 0.6% after increasing bets for a Democrat victory in the crucial US Senate runoff elections in Georgia further raised hopes of more fiscal stimulus.
Possible Scenarios:
If AUD/USD fails to breach through R1 of 0.78181, our Research Department expects the AUD/USD to undergo a short-term downward correction.
If AUD/USD manages to break above its R1 of 0.78181, our Research Department expects the AUD/USD to extend its gains to its R2 of 0.78418.
Support and Resistance Levels:
AUD/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.77073 |
0.77310 |
0.77547 |
0.77864 |
0.78181 |
0.78418 |
0.78655 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €81.52 |
(+/-) £73.55 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.22670
***GBP/USD = 1.35965
Calculations for exchange rate used as of 07:32 (GMT) 06/01/2021