AUDUSD Analysis- Expected Bearish Movement

It shows that AUDUSD is in now strong confluence near 0.9090 where we have two trendline resistances, fibonacci 38.2% Level that act as horizontal resistance. Last daily candle is a rejection candle. A bearish movement is expected from this area targeting 0.8890 followed by 0.8680. But a break and close above 50% fibo can make this scenario invalid.
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RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.  This is not any trade recommendation.

EURUSD Technical Outlook 01/03/2014 - Expected Bearish movement

It shows that EURUSD near a strong support area form 1.3830-90. Previously two times price had been rejected form this area. A bearish movement is expected from this area. Before this we need to observe Price Action closely at this area. A reversal signal can lead the price to the direction 1.3700 and 1.3480 on long term view. But a break and close above 1.3900 on daily chart can make this scenario invalid.

Analysis by Roy : Get Exact Entry TP SL for this Analysis >> PreferForex

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts. This is not any trade recommendation.