Wednesday, 29 February 2012

Aud/Usd 29 Feb 2012

Australian Dollar U.S. Dollar: Listing pair reaction bearish limited after the decision of the Irish government to hold a referendum on a plan of financial stability of European, 

which had caused a kind of uncertainty in general in the market Tuesday as well, the stability of the performance of the shares in on Wall Street in spite of a negative report Durable goods orders contributed to the curb losses and the rest of the Australian dollar commodity currencies in general. Technically, the pair maintained be shown signs of support to keep the model of consolidation of the current without the resistance of the main between 1.0800 -1.0843, and with survival highest level Almovinj 20 on the red hour and four hours at 1.0760 and 1.0726, respectively, will remain on the positive bias current, and will target key resistance at the trend line broken near 1.0805 a possibility in the coming hours. Fraction higher resistance mentioned would be a signal of principle for the possibility of the resumption of the wave of recovery of annual, which will be confirmed by removing resistance of the annual summits present, especially as the Australian dollar will have a number of key events important in the coming days and that supported the risk appetite of investors will increase the chances of breaking the upward major considerations in the medium term to open the way towards the historic peaks recorded by the pair in the middle of last year the highest psychological level. 1.100

S3 S2 S1 PP R1 R2 R31.0702 1.0724 1.0738 1.0761 1.0783 1.0797 1.0820

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