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AUD/USD - Weakening further

From migbank.com

AUD/USD is weakening further after having failed to break the key resistance area between 0.9086 and 0.9168. The hourly support at 0.9007 (intraday low) has been broken. Another support lies at 0.8891. Hourly resistances can now be found at 0.9010 (intraday low) and 0.9064 (10/03/2014 high). The long-term technical pattern remains negative as long as prices are below the resistance at 0.9168 (02/12/2013 high, see also the 200 day moving average). • EUR/USD has weakened a f ter f ailing to hold above the strong resistance at 1.3893. Hourly supports can be found at 1.3825 (28/02/2014 high) and 1.3787 (36.8% ... (full story)

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