AUD/USD - Australian Dollar US Dollar, European Session - 13/05/08
0,9458. AUD USD is in a consolidation after the last bullish movement. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 0,9360 / 0,9500 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,9480 - 0,9500
- Supports
- 0,9420 - 0,9360
This entry was posted on Tuesday, May 13th, 2008 at 7:42 and is filed under Uncategorized. 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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