fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for AUD Thu Sep 05, 2013 10:44 am | |
| Technical Analysis for AUD The pair retreats after testing the descending resistance for the recent sideways consolidation, a downside pullback is probable now after the major bullish run . However, settling back above the 50-days SMA and 0.9100 suggest the upside may extend further. Support: 0.9135, 0.9100, 0.9070, 0.9040, 0.9000 Resistance: 0.9170, 0.9200, 0.9230, 0.9285, 0.9320 Recommendation Long above 0.9100, targets at 0.9170,0.9230 and 0.9300. Invalidation below 0.9010 | |
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