NEWS: AUD/USD price is falling -0.6% after Australia’s covid vaccine concerns and RBA’s warning over the lending risks.
Possible Scenarios:
If AUD/USD fails to breach through S2 of 0.75887, our Research Department expects the AUD/USD to undergo a short-term upward correction.
If AUD/USD manages to break below its S2 of 0.75887, our Research Department expects the AUD/USD to extend its losses to its S3 of 0.75732.
Support and Resistance Levels:
AUD/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.75732 |
0.75887 |
0.76042 |
0.76249 |
0.76456 |
0.76611 |
0.76766 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.12 |
(+/-) £73.1 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.18874
***GBP/USD = 1.36790
Calculations for exchange rate used as of 8:00 (GMT+1) 09/04/2021