Australian Dollar US Dollar (AUD/USD) - 07/05/2008 - Archive

AUD/USD - Australian Dollar US Dollar

AUD/USD - Australian Dollar US Dollar

Short term (Intraday)

0,9484. AUD USD is in a consolidation after the last bullish movement. AUD USD is in a range between 0,9290 and 0,9500. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9500. The consolidation should continue. If the resistance is broken then the target will be 0,9550. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,9500 - 0,9550
Supports
0,9460 - 0,9430
updated 07 mai 2008 05:32 GMT +02:00

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