eng.mohamed
عضو نشيط
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- landon
AUD/USD
Short-term bullish head and shoulders favours a move towards 1.0490.
AUD/USD has made a short-term base formation (bullish head and shoulders) close to the support at 1.0391. A new test of the resistance at 1.0480/1.0490 is likely. An hourly support is at 1.0434 (intraday low).
The strong resistance area implied by the declining trendline and 1.0613 suggests a limited upside potential.
AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).
Sell limit 3 at 1.0570, Objs: 1.0465/1.0340/1.0210, Stop: 1.0675.
Short-term bullish head and shoulders favours a move towards 1.0490.
AUD/USD has made a short-term base formation (bullish head and shoulders) close to the support at 1.0391. A new test of the resistance at 1.0480/1.0490 is likely. An hourly support is at 1.0434 (intraday low).
The strong resistance area implied by the declining trendline and 1.0613 suggests a limited upside potential.
AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).
Sell limit 3 at 1.0570, Objs: 1.0465/1.0340/1.0210, Stop: 1.0675.