AUD/USD Trend Analysis 11-5-2014

The AUD/USD is trending down on the larger time frames, like the MN time frame shown below.  The current support level  is at 0.8565, shown by the yellow line on the right. You can set a price alert at this level here on your trading platform. When the price alert hits check The Forex HeatmapĀ® for AUD weakness or CAD strength, or both, to verify a sell trade. The next support level is at 0.8300, which is 265 pip below the alert price. There is an additional support level below there at 0.8100. The trend analysis you see below was done with exponential moving averages and using multiple time frame analysis.

AUD/USD Trend Analysis 11-5-2014

AUD/USD Trend Analysis 11-5-2014

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