Monday, 5 March 2012

AUD/USD 5 March





Australian Dollar U.S. Dollar: saw the pair clearly affected by the emergency power of the U.S. currency after the U.S. Fed governor's remarks in his testimony before the U.S. Congress in addition to the negative Chinese manufacturing data and visibility is generally stable for the recovery of the global economy in the coming months. Although the selling pressure forced the pair to retreat from the new annual Qmmh recorded at 1.0854, but the general framework remains upward, both in the short or the longer range of time with stability within the upper part of the scope of the movement since the beginning of the year.  



The most important thing may be technically possible in the models are incomplete given the regressive expectations downward if the husband was activated form the head and shoulders to the conditions of time and do not forget that the current bilateral summit represents the resistance of importance, especially in the trading environment is favorable background for the time being. Now will be the P control over the pair line neck probably under 1.5700 and whether we will see later, and the pace accelerated down or he will be able to contain the decline again at one of the support lines developed and which will be highlighted here pivot the important 1.0680 topped with a little retracement level recovery, the latter 61.8% Vebo between 1.0596 and Summit referred to as 1.0695 at the current monthly bottoms around 1.0600 will be the main target downward, consequently, an upward bias in recovery may not be re-before asserting the highest level of stability 1.0800.



 



S3 S2 S1 PP R1 R2 R31.0715 1.0727 1.0735 1.0747 1.0759 1.0767 1.0779

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