NEWS: AUDUSD prices increased 0.3%. The AUDUSD pair and all other /USD pairs are rising on the back of a weaker dollar today.
Possible Scenarios:
If AUDUSD fails to breach through R1 of 0.64800, our Research Department expects the AUDUSD to undergo a short- term downward correction.
If AUDUSD manages to break above its R1 of 0.64800, our Research Department expects the AUDUSD to extend its gains to its R2 of 0.64987.
Support and Resistance Levels:
AUDUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.63931 |
0.64117 |
0.64304 |
0.64552 |
0.64800 |
0.64987 |
0.65173 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.44 |
(+/-) £81.69 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05885
***GBP/USD = 1.22410
Calculations for exchange rate used as of Friday, September 29, 2023 GMT+1, 08:00: AM