fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Mon Jan 27, 2014 11:31 am | |
|  Technical Analysis for AUD The pair is rebounding as the week starts, after testing the 161.8 extension level and support around 0.8660, the price is attempting to retest the latest swing low around 0.8755 level, where it might find some short term resistance. Overall, the chances of resuming the bearish trend remain strong, and holding below 0.8880 should keep the bearish wave intact. Support: 0.8700, 0.8660, 0.8630, 0.8600, 0.8580 Resistance: 0.8730, 0.8765, 0.8800, 0.8820, 0.8850 Recommendation Short below 0.8760, targets at 0.8700 and 0.8660. Stop loss above 0.8825 | |
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