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 Technical Analysis for AUD

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fxpulsation




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Join date : 2012-01-25

Technical Analysis for AUD Empty
PostSubject: Technical Analysis for AUD   Technical Analysis for AUD Icon_minitimeThu Oct 17, 2013 9:25 am

Technical Analysis for AUD Instaforex_mb_760x151_en

Technical Analysis for AUD

The pair is fluctuating around 0.9550 and the bullish bas is still dominating the intraday trading of the pair, forcing us to keep our bullish expectations supported by the moving average and the intraday ascending trend line showing on graph. Our expected targets start initially at 0.9600 and extend towards 0.9700.

Support: 0.9530, 0.9505, 0.9480, 0.9430, 0.9385
Resistance: 0.9570, 0.9600, 0.9640, 0.9665, 0.9700

Recommendation Long above 0.9505, targets at 0.9570, 0.9530 and 0.9600. Stop loss below 0.9465
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