fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Tue Jan 28, 2014 10:54 am | |
|  Technical Analysis for AUD AUDUSD bounced higher yesterday, the price is retesting areas around the descending resistance for a falling wedge pattern as shown on chart, where further stability above it may signal further intraday upside. Bias is neutralizing , however that doesn’t negate the overall bearish trend which remains intact. Only a break above 0.8885 would signal a more prolonged upside correction. Support: 0.8765, 0.8730, 0.8700, 0.8630, 0.8600 Resistance: 0.8800, 0.8830, 0.8880, 0.8900, 0.8925 Recommendation Neutral | |
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