fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Wed Feb 19, 2014 11:42 am | |
|  Technical Analysis for AUD The AUDUSD pushed lower yesterday, after testing 0.9085 resistance level, forming a major spinning top candle, with a long upper shadow hinting renewed downside pressures. The bearish correctional bias is still likely unless price manages to break above 0.9085 resistance level. Support: 0.9000, 0.8980, 0.8950, 0.8905, 0.8880 Resistance: 0.9040, 0.9085, 0.9125, 0.9165, 0.9200 Recommendation Short below 0.9040, targets at 0.9010,0.8980 and 0.8950. Stop loss above 0.9090 | |
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