» AUD/USD - Australian Dollar US Dollar, European Session - 23/07/08

AUD/USD - Australian Dollar US Dollar, European Session - 23/07/08

0,9693. AUD USD is in a consolidation after the last bearish movement. The price is just above 0,9690 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a support above 0,9670 / 0,9690. If the support is broken then the target will be 0,9600. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9735 - 0,9790
Supports
0,9690 - 0,9670

Source :

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One Response to “AUD/USD - Australian Dollar US Dollar, European Session - 23/07/08”

  1. Bookmarks about Parallel Says:

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