NEWS: AUDUSD price is falling -0.2% on a stronger US dollar ahead of US ISM Manufacturing PMI data for August at 15:00 GMT+1
Possible Scenarios:
If AUDUSD fails to breach through Reference Price of 0.6734, our Research Department expects the AUDUSD to undergo a short- term upward correction.
If AUDUSD manages to break below its Reference Price of 0.6734, our Research Department expects the AUDUSD to extend its losses to its S1 of 0.67159.
Support and Resistance Levels:
AUDUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.66889 |
0.67024 |
0.67159 |
0.67340 |
0.67521 |
0.67656 |
0.67791 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €90.61 |
(+/-) £76.19 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.10366
***GBP/USD = 1.31259
Calculations for exchange rate used as of Tuesday, September 3, 2024, 14:22