fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Mon Sep 02, 2013 10:26 am | |
|  Technical Analysis for AUD The pair rebounds breaking the short term descending resistance shown on chart, while RSI resolves the bullish divergence. Therefore, the bullish scenario is slightly favored, where a break above 0.8995 may give it further confirmation, and extend to 0.9070 next key resistance. Support: 0.8930, 0.8870, 0.8845, 0.8800, 0.8770 Resistance: 0.8975, 0.9025, 0.9050, 0.9075, 0.9135 Recommendation Long above 0.8930, targets at 0.9025 and 0.9075. Invalidation below 0.8845 | |
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