fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Thu Aug 15, 2013 10:34 am | |
|  Technical Analysis for AUD The AUDUSD bounced higher after testing 0.9080 support level, and the ascending trend line that carries the bullish wave. Extending the move to 0.9170 level, and approaching the 50-days SMA and previous high at 0.9215, accordingly, the bullish scenario remains favored. Support: 0.9135, 0.9085, 0.9040, 0.9000, 0.8970 Resistance: 0.9200, 0.9250, 0.9300, 0.9340, 0.9500 Recommendation Long above 0.9140 targets at 0.9185,0.9215 and 0.9300. Invalidation below 0.9080 | |
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