In 16 days of trading, from March 18 to April 8, the Australian Dollar raised 803 pips with regard to the American Dollar, which meant an appraisal of 8.2 % (from 0.97794 to 1.0582) and that gives as result that in this period the Australian Dollar had an average daily appraisal of 0.5 % with regard to the American Dollar, in addition, the price of 1.0582 frame the highest historical price of AUD/USD.
On the other hand, planning Fibonaci's setbacks, it is possible to observe that the Australian Dollar, after having established his historical maximum, had a correction that I take it up to the level of 23.6 %, from which I return to the prices overhead from the 1.0500.
With base in the previous thing, it is possible to think that the level of 23.6 %, of Fibonaci's setbacks, to which the price of 1.0390 is the new Support of this pair of Currencies, taking the historical maximum of 1.0582 as his Resistance.
Therefore, it estimates that the couple AUD/USD was quoting in the range from 1.0390 to 1.0582, in case of breaking the Resistance, there is no point of reference to do any forecast and new historical records would be established, if on the contrary the support was breaking, his following Support would correspond at the level of 38.2 % of Fibonaci that corresponds to the price of 1.0275.
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