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  • A new test of the AUD/USD resistance at 1.0497 is likely

    From migbank.com Story is in PDF Format

    AUD/USD has broken its support at 1.0421. However, the subsequent bounce suggests a still strong buying interest. Monitor the hourly resistance at 1.0497 (26/03/2013 high). Hourly supports can be found at 1.0441 (intraday low) and 1.0386 (01/04/2013 low). • In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0149 (08/10/2012 low) and the resistance at 1.0613 (09/08/2012 high). The recent technical improvements favour a test of the top of this range.

with the market built on the lies and deception of others, why should you be viewed any differently? what reasons do you have to share with us your sentiment?
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If I go long, it is better for me if everyone else goes long.
the way AUD/USD is charging ahead only shows that Australia's data release today is already leaked to some selected few.
8:30pm AUD Building Approvals m/m
AUD Retail Sales m/m
There is always a price for promises you don't keep!
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  • Posted: Apr 3, 2013 7:56am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 3  /  Views: 1,728