fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for AUD  Fri Dec 20, 2013 11:16 am | |
|  Technical Analysis for AUD The pair continues to hover above 0.8845 major low, as price fails to close a daily candle below the support level, and that keeps the bullish correctional bounce possible. A break and stability below 0.8845 would signal the continuation of the bearish wave. For now, we maintain our bullish correctional scenario. Support: 0.8845, 0.8820, 0.8800, 0.8775, 0.8750 Resistance: 0.8890, 0.8925, 0.8950, 0.8985, 0.9000 Recommendation Long above 0.8850 targets at 0.8925,0.8950 and 0.9000. Stop loss below 0.8800 | |
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