Australian Dollar US Dollar (AUD/USD) - 08/07/2008 - Archive

AUD/USD - Australian Dollar US Dollar

AUD/USD - Australian Dollar US Dollar

Short term (Intraday)

0,9526. AUD USD is in a consolidation after the last bearish movement. The price is just above 0,9515 support. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. If the support is broken then the target will be 0,9400.
=> We could take a short position at 0,9530. We will put the stop loss above 0,9570 (-40 pips). The targets are 0,9450 (+80 pips) 0,9400 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
0,9545 - 0,9570
Supports
0,9520 - 0,9500
updated 08 juil 2008 11:05 GMT +02:00

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