AUD/USD - Australian Dollar US Dollar, European Session - 16/05/08
0,9448. AUD USD is in a range between 0,9300 and 0,9500. 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 0,9300 / 0,9500 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 0,9460 - 0,9500
- Supports
- 0,9375 - 0,9300
This entry was posted on Friday, May 16th, 2008 at 7:32 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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