fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Wed Oct 30, 2013 10:02 am | |
|  Technical Analysis for AUD The pair extended the decline towards the 61.8 percent Fibonacci retracement level at 0.9460, and our first donwside target, before bouncing with the start of today’s trading session. Extending the upside pullback further is likely now, supported by the oversold conditions on momentum indicators, and the key aforementioned retracement level. Support: 0.9460, 0.9425, 0.9385, 0.9335, 0.9300 Resistance: 0.9495, 0.9520, 0.9550, 0.9585, 0.9620 Recommendation Long above below 0.9470, targets at 0.9520 and 0.9550. Stop loss below 0.9440. | |
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