AUDUSD TECHNICAL ANALYSIS

Hello Price Action Traders.

AUD/USD

AUD/USD has tested level 0.94100 for the third time in the last two months. After the massive reversal occurred in the beginning of the year, the “Aussie” is moving above the 200 SMA and the bullish trendline hasn’t been broken yet. Everything’s telling us the Australian dollar may continue to push upwards. However, the 0.94100 level is the key that will confirm our analysis. A convincing break through the resistance could make the Aussie run until the end of 2013 highs. On the other hand, if the resistance holds we would expect a return to May lows.

 

Aussie technical analysis

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to this link:

FOREX TRADING SIGNALS

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi, professional trader member of Hereforex.com

This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

>> Download my free e-Book!