NEWS: AUDUSD price is falling 0.4%. The AUDUSD and all other USD pairs are falling as the US dollar index rises to hit 2023 highs.
Possible Scenarios:
If AUDUSD fails to breach through S1 of 0.63471, our Research Department expects the AUDUSD to undergo a short- term upward correction.
If AUDUSD manages to break below its S1 of 0.63471, our Research Department expects the AUDUSD to extend its losses to its S2 of 0.63305
Support and Resistance Levels:
AUDUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.63138 |
0.63305 |
0.63471 |
0.63694 |
0.63917 |
0.64083 |
0.64250 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.91 |
(+/-) £82.39 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05364
***GBP/USD = 1.21374
Calculations for exchange rate used as of Wednesday, September 27, 2023 GMT+1, 13:20: PM