fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for AUD Mon Mar 03, 2014 11:01 am | |
| Technical Analysis for AUD AUDUSD gapped lower towards 0.8880-support, before bouncing back above 0.8900 level, holding above 0.8880-0.8840 support area and the 50-days SMA keeps the bullish chances intact, however, we prefer to wait for more confirmation to suggest a move for the week. A break below 0.8840 would signal the resumption of the overall bearish trend. Support: 0.8900, 0.8880, 0.8850, 0.8820, 0.8800 Resistance: 0.8930, 0.8980, 0.9000, 0.9040, 0.9085 Recommendation Neutral | |
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