Forex (foreign exchange) Currency trading

You
GMT
London
New York
Tokyo

AUD/USD - Australian Dollar US Dollar

AUD/USD - Australian Dollar US Dollar

Short term (Intraday)

0,9242. AUD USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue on 0,9150 (+95 pips) support.
=> We could take a short position at 0,9260. We will put the stop loss above 0,9290 (-30 pips). The targets are 0,9200 (+60 pips) 0,9150 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
0,9260 - 0,9300
Supports
0,9230 - 0,9200
updated 05 août 2008 05:13 GMT +02:00

Receive free alerts by email when technical analysis are updated.

Latest technical analysis