fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: AUD/USD Daily Outlook  Wed Mar 27, 2013 8:42 am | |
| AUD/USD Daily Outlook Daily Pivots: (S1) 1.0455; (P) 1.0476; (R1) 1.0505; More... AUD/USD's rise from 1.0115 is still in progress. Intraday bias remains on the upside and further rally should be seen back to retest 1.0597/0624 resistance next. On the downside, break of 1.0343 minor support is needed to signal short term topping. Otherwise, outlook will stay bullish. In the bigger picture, price actions from 1.1079 high are treated as a consolidation pattern in the larger up trend, in form of a triangle. There is not clear sign of breakout yet. But in case of another fall, downside should be contained above 0.9588. Meanwhile, break of 1.0624 will be an early sign of up trend resumption and should bring retest of 1.1079 high next.  | |
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