Thursday, February 3, 2011

Forex news:Traders buy the AUD / USD after the rollback

Exchange rate still is above the moving average with period 34, 144, 55 and 89, which are support levels 1.0000 and 0.9975/65.
MACD histogram is located in the positive zone, but below its signal line, once again began to rise gradually, and thus points to the gradually growing bullish sentiment.
Stochastic oscillator entered the overbought zone and has already sends a signal to buy AUD / USD, since the% K line crossed the% D line from the bottom up and began to rise above it.
Therefore, we expect that the growth of AUD / USD will continue and the bulls are potential targets for 1.0200/10 and 1.0250.
Resistance levels: 1.0150, 1.0200/10, 1.0250
Current Price: 1.0140
Support levels: 1.0110/00, 1.0075, 1.0050, 1.0010/00

Translate this page

Search This Blog