» AUD/USD - Australian Dollar US Dollar, European Session - 03/03/08

AUD/USD - Australian Dollar US Dollar, European Session - 03/03/08

0,9341. AUD USD broke 0,9380 support. AUD USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a support above 0,9300. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9380 - 0,9500
Supports
0,9300 - 0,9250

Source : AUD USD

This entry was posted on Monday, March 3rd, 2008 at 6:37 and is filed under AUD USD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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