NEWS: AUD/USD price is falling -0.4% .The pair loses more than 80 pips on Friday and broke the 0.7700 level.
Possible Scenarios:
If AUD/USD fails to breach through S1 of 0.77062, our Research Department expects the AUD/USD to undergo a short-term upward correction.
If AUD/USD manages to break below its S1 of 0.77062, our Research Department expects the AUD/USD to extend its losses to its S2 of 0.76845
Support and Resistance Levels:
AUD/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.76627 |
0.76845 |
0.77062 |
0.77351 |
0.77641 |
0.77858 |
0.78075 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €82.21 |
(+/-) £73.28 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.21642
***GBP/USD = 1.36465
Calculations for exchange rate used as of 08:05(GMT) 15/01/2021