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

AUD/USD - Australian Dollar US Dollar

AUD/USD - Australian Dollar US Dollar

Short term (Intraday)

0,9575. AUD USD broke 0,9590 support. AUD USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue on 0,9520 (55 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,9590 - 0,9640
Supports
0,9555 - 0,9520
updated 07 juil 2008 12:00 GMT +02:00

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