fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Mon Dec 09, 2013 8:49 am | |
|  Technical Analysis for AUD The pair was rejected at 0.9000 level once more on Friday, forming a major hammer candle over the four-hour time interval, as RSI signals a strong bullish divergence as well. Accordingly, further upside correctional bias is likely this week, targeting a retest of the main descending resistance shown on chart around 0.9200 level. Support: 0.9070, 0.9040, 0.9000, 0.8970, 0.8950 Resistance: 0.9115, 0.9150, 0.9200, 0.9220, 0.9250 Recommendation Long above 0.9070, targets at 0.9125 and 0.9200. Stop loss below 0.9000 | |
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