NEWS: AUDUSD price is falling 0.5% due to the strengthening of the US Dollar before today’s Producer Price Index report for December.
Possible Scenarios:
If AUDUSD fails to breach through S1 of 0.61624, our Research Department expects the AUDUSD to undergo a short- term upward correction.
If AUDUSD manages to break below its S1 of 0.61624, our Research Department expects the AUDUSD to extend its losses to its S2 of 0.61448.
Support and Resistance Levels:
AUDUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
0.61271 |
0.61448 |
0.61624 |
0.61860 |
0.62096 |
0.62272 |
0.62449 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €97.52 |
(+/-) £82.16 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.02538
***GBP/USD = 1.21717
Calculations for exchange rate used as of Tuesday, January 14, 2025, 12:30 (GMT)