AUD/USD: Daily Technical Analysis For March 31, 2015

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Technical Indicator:

Intra-day bias remains bearish. List of indicators applied on the 1 hour time-frame used for analysis includes:

Moving Averages 21 and 55 = Sell

Parabolic S.A.R = Sell

A.D.X= Sell

R.S.I = Sell

MACD = Sell

SSRC(customized stochastic) = Sell

Daily Central Pivot Point Bias = Bearish

Candlestick formed from previous day = Bearish


Technical Analysis:

The pair is oversold in the market and i suggest selling the rips. Wait for a decent retracement of price to 0.7694/0.7700 supply zones for a fresh selling opportunity to 0.7617 weekly support 2.

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