AUD/USD - Australian Dollar US Dollar, European Session - 08/05/08
0,9410. AUD USD broke 0,9425 support. AUD USD is in a consolidation after the last bearish movement. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 0,9320 / 0,9520 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,9425 - 0,9500
- Supports
- 0,9350 - 0,9320
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