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Daily Technical Strategist On AUDUSD

Oct 13, 2014 12:26 pm

Antworten: 7
Member since: 27/10/2013

AUDUSD: Halts  Weakness, Rallies


AUDUSD: With the pair on the verge of reversing its entire Friday losses, further strength is now envisaged. This is coming on the back of a rally off its intra day low at 0.8651. On the upside, resistance resides at the 0.8800 level where a breach will aim at the 0.8850 level. Above that level will set the stage for a run at the 0.8900 level with a cut through here resuming its broader uptrend towards the 0.8950 level. On the downside, support lies at the 0.8700 level. A cut through here will turn attention to the 0.8650 level and then the 0.8600 level where a violation will set the stage for a retarget of the 0.8550 level. All in all, the pair faces recovery threats.

FXTechstrategy Team