fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Thu Jan 23, 2014 1:35 pm | |
|  Technical Analysis for AUD The pair retreated sharply, and failed to stabilize above 0.8850 resistance level, negating the bullish correctional scenario and hinting renewed downside pressures. A retest of the recently recorded lows around 0.8755 is probable, meanwhile the bearish bias will probably remain dominant so long as below 0.8885. Support: 0.8800, 0.8765, 0.8740, 0.8700, 0.8670 Resistance: 0.8820, 0.8845, 0.8885, 0.8930, 0.8950 Recommendation Short below 0.8830, targets at 0.8790 and 0.8755. Stop loss above 0.8885 | |
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