AUD/USD - Australian Dollar US Dollar, American Session - 30/06/08
0,9613. AUD USD is in an uptrend supported by 1H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 0,9670. The consolidation should continue. The price should continue to move in 0,9590 / 0,9670 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,9640 - 0,9670
- Supports
- 0,9590 - 0,9540
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