Overview:

• The support will form at the level of 0.9250 because this level has also formed a double bottom on August 7, 2014 at the level of 0.8890. The AUD/USD pair has risen from the strong level of 0.9250 and is going to climb further to as high as 0.9280 this morning. Additionally, it also should be noticed that the range of the AUD/USD pair will be around 70 pips because the turbulent market was indicating higher volatility. Moreover, the price has set above 00% of Fibonacci retracement levels for five weeks at the above-mentioned level. Consequently, we expect a saturation around the level of 0.9250. Hence, the market is likely to start showing the signs of the bullish market again in order to indicate a bullish opportunity from the levels of 0.9250 and 0.9280 (23.6% of Fibonacci retracement levels in H4 chart). Therefore, buy above 0.9250 or/and 0.9280 with the first target at 0.9310. Besides, it will call for upward move in order to continue bullish development towards 0.9333. On the other hand, if the bulls force to pullback at the level of 0.9250 and sellers can break this level, hence the best solution is to set the stop loss at the price of 0.9220.