AUD/USD - Australian Dollar US Dollar, European Session - 03/07/08
0,9617. AUD USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The price should find a resistance below 0,9670. The consolidation should continue. If the resistance is broken then the target will be 0,9800.
We are waiting for a break of resistance to take a long position.
We are waiting for a break of resistance to take a long position.
- Resistances
- 0,9640 - 0,9670
- Supports
- 0,9605 - 0,9575
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