New highs today near the point 1.0570
recording against it,s U.S counterpart on the back of rising risk appetite in the market following the end of a meeting of the monetary policy committee
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New highs today near the point 1.0570
recording against it,s U.S counterpart on the back of rising risk appetite in the market following the end of a meeting of the monetary policy committee
The pair is worth catching southern retreat from resistance 0570, pair has formed a circle on a parabolic and the MASD with RSI showed a sell signal, the path to the south is free up to 0520, 0500 - the next strong support erovni-they will be the main goal.
I do not think that selling is a great idea, on the daily chart clearly shows a retreat from sliding alligator, the couple once again sent to the area of long-term horizontal level of 0600, and the southern target rate did not work, have significantly offset the level of support, the Bulls slowly pulled up a couple of higher and above, and probably 0600 figure will not be a strong hindrance.
In H1 chart, the price has touched the key resistance. There is also a reversal candlestick. So, in my opinion, the price will decrease in short term. Here is the chart.
http://s14.postimage.org/nrsgp92q9/image.png
aud/usd technical analysis by using : adx
adx : 24.5829
+di : 15.5027
-di : 26.5938
timeframe : 1 hour
date : 22.01.2013
AUDUSD has broke its daily pivot level 1.0549, the air is now aiming at 1.0520, and possible to continue to as low as 1.0475. But beware if the pair go back climb above the pivot level, it may possible to rise to 1.0594
this pair start with a nice up rising move but at the end of the day or tomorow it stalled at the high of the day........hmmm got some storng resistance there, maybe a minor pullback will happen next.......sell at bounce again
:yahoo::)))
pair managed to reach three times the level of 1.0550 as the critical level means that this level would be bullish turning point when the pair difficult to penetrate this level but when the pair managed to penetrate below this level the pair continued to be bearish
aud/usd technical analysis by using : adx
adx : 18.2323
+di : 18.2296
-di : 18.7973
timeframe : h4
time : 0800