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 Technical Analysis for AUD

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for AUD   Thu Mar 06, 2014 10:31 am



Technical Analysis for AUD

AUDUSD extended the rebound, breaking the short term descending resistance for the latest bearish wave, indicating more upside is likely, probably for a retest of the main resistance at 0.9085 level. Holding above 0.8960 for today should keep the intraday bullish bias dominant.

Support: 0.9000, 0.8960, 0.8940, 0.8900, 0.8880
Resistance: 0.9040, 0.9085, 0.9125, 0.9150, 0.9185

Recommendation Long above 0.9000, targets at 0.9050 and 0.9085. Stop loss below 0.8960
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