During the last five weeks, the Australian Dollar has revalued 7.8 % with regard to the North American Dollar, with a profit (of the opening price at the cost of closing) of 780 pips, establishing in addition a new historical maximum in 1.0773.
Before this Panorama, there are no elements to predict up to where the AUD/USD could come in his rising rally. Nevertheless, in his ascending way it has come leaving fingerprint of what they could be his zones of Support in case this Couple of Currencies initiates a trend to the fall.
The first zone of Support it represents the 1.0580 (line of yellow color), due to the fact that this value acted as Resistance in the two previous weeks.
The second zone of Support is the 1.0200 (line of gold color), this value in the period from October, 2010 to March, 2011 went in several occasions a strong Resistance.
The third zone of Support is of Psychological type, and corresponds to the value of 1.0000 (line of orange color), and since it mention, it is a Resistance of Psychological character more than technical.
Below the value of 1.0000 I identify other zones of Support and Resistance, nevertheless, I did not include them for this analysis and chose the one that I consider to be the one that is the last zone of Support, the value of 0.9400 (line of red color), zone that I consider to be a Relevant Support that difficultly will break before the conditions that in the short and medium term show the economies of Australia and the United States of North America.
