fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Thu Jun 13, 2013 10:40 am | |
|  Technical Analysis for AUD The AUD/USD pair is trading positively since it confirmed stability above 0.9360 having failed to break. The pair is also trading above linear regression indicators which are now less inclined to the downside, while momentum indicators reflect a downside bias. As a result, we believe the AUD/USD is attempting to steady above 0.9540 to commence a bullish correction in the upcoming stage. Support: 0.9465, 0.9420, 0.9400, 0.9385, 0.9360 Resistance: 0.9495, 0.9550, 0.9580, 0.9600, 0.9660 Recommendation Based on the analysis above, we recommend buying the pair above 0.9465, targeting 0.9495, 0.9550 and 0.9600 and stop-loss at 4-hour closing below 0.9385. | |
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