AUSSIE IS PREPARING FOR RETURN?

Hi everybody today I"d like to show some information about the australain dolar.Last week the aussie depreciated against all major currencies (aussie for those who don't yet know is the australian dolar)

Fundamental analysis

Building approvals rose 14,4 % in september,australian import price index rose 6,1 % in the september quarter 2013 the increase was driven by the depreciation of the australian dolar resulting increased price for imports.Inflation rate rose in september quarter with 1,3 %.

For 4-9 November the important event seems to be tuesday cash rate and the RBA statement.

Technical analysis

On audusd currencie pair if we look on H4 time frame it seems that the beers take the control but it is not relevent.So my opinion for de sell positions we need to wait untill de bullish divergence is consumed to resistence line 0,9487 if the resistence line has not broken we can enter with sell orders 0,9459 and the profit target will be 0,9388 near the level line 0,9378.

For those which wants to sell aussie they can enter with sell orders if the level 0,9378 will be broken will should to wait to be sure that the price to retest the level 0,9378  and you can enter with sell orders starting with 0,9353 and profit target will be near 0,9300.

For those with bullish view if we look on a daily chart we see that we have hiden divergence with bullish divergence on h4 so you can enter with buy orders if the resistence line will be broken when reversal bullish candlesticks appear.

Don't forget invest in stocks,commodities,fx markets implies high risks.
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