Tuesday, 28 February 2012

Aud/Usd : 28 Feb 2012

 Aud/Usd : 28 Feb 2012

Australian Dollar U.S. Dollar: re-pair attempts upward in trading yesterday and despite being able to register the top of a new daily higher than those achieved in I sat down Friday at the point 1.0783, but he again was unable to break the resistance line of the upward trend broken, which managed to contain the recovery twice consecutive terms in the last few days, which clearly shows that the resistance listed is the main obstacle to the scenario to resume boarding in the event we have seen the failure of the pair again in excess during the day Tuesday or in the alternative scenario to extend the current loss below the pivotal 1.0700,

 we can expect accelerated the pace of decline, at least towards the re-Home test support area between 1.0596 -1.0630, which will result in breakage below to confirm a top to a temporary trading in the near term and open the way towards the building of a new wave drop targeting 1.0500 level and below.

S3 S2 S1 PP R1 R2 R3
1.0596 1.0648 1.0679 1.0730 1.0782 1.0813 1.0864

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