NEWS: Fast Moving Market: AUD/USD price is falling -0.5%. AUD/USD is breaking below the 0.7170 level in a renewed selling wave as investors continue to weigh the increased odds of aggressive Fed tightening.
Possible Scenarios:
If AUD/USD fails to breach through S1 of 0.71456, our Research Department expects the AUD/USD to undergo a short-term upward correction.
If AUD/USD manages to break below its S1 of 0.71456, our Research Department expects the AUD/USD to extend its losses to its S2 of 0.71288.
Support and Resistance Levels:
AUD/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.71120 |
0.71288 |
0.71456 |
0.71680 |
0.71904 |
0.72072 |
0.72240 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.22 |
(+/-) £73.79 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13358
***GBP/USD = 1.35526
Calculations for exchange rate used as of 08:16 (GMT) 06/1/2022