Monday, February 7, 2011

Forex news AUD / USD:1.0200/10 resistance level once again resisted the bulls

Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.0080, 1.0025, 1.0000 and 0.9975.
MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell AUD / USD.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line falls below the% D.
Therefore, we expect that the correction will continue, and its potential targets are located at 1.0075 and 1.0050.
Resistance levels: 1.0150, 1.0180, 1.0200/10, 1.0250
Current Price: 1.0131
Support levels: 1.0110/00, 1.0075, 1.0050, 1.0025, 1.0000


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