Australian Dollar US Dollar (AUD/USD) - 09/07/2008 - Archive

AUD/USD - Australian Dollar US Dollar

AUD/USD - Australian Dollar US Dollar

Short term (Intraday)

0,9508. AUD USD broke 0,9515 support. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9510. We will put the stop loss above 0,9540 (-30 pips). The targets are 0,9475 (+35 pips) 0,9410 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
0,9515 - 0,9540
Supports
0,9475 - 0,9410
updated 09 juil 2008 05:07 GMT +02:00

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