fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Tue Jan 21, 2014 1:31 pm | |
|  Technical Analysis for AUD The pair extended the upside pullback towards the broken support area, which turns to a resistance now among 0.8820-0.8850, where we expect the price to resume the bearish wave after testing that area. Holding below 0.8850 is required for price maintains the bearish bias; a break above the latter may extend corrections a bit deeper. Support: 0.8800, 0.8765, 0.8740, 0.8700, 0.8670 Resistance: 0.8820, 0.8845, 0.8875, 0.8900, 0.8950 Recommendation Short below 0.8835, targets at 0.8770 and 0.8735. Stop loss above 0.8890 | |
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