AUDUSD: Risk Remains For A Retarget Of 0.9600 Level
International Trading
In This Issue:
AUDUSD
THE TECHNIQUE OF GIVING A GOOD MASSAGE
14 years ago
Friday, September 24, 2010
, Posted by Usman Ali Minhas at 7:45 AM
AUDUSD: The 0.9467 level has held nicely fencing off the bears on Thursday and in early morning trading today...
AUDUSD: Risk Remains For A Retarget Of 0.9600 Level.
AUDUSD: The 0.9467 level has held nicely fencing off the bears on Thursday and in early morning trading today. This development has left the pair targeting the 0.9600 level, representing its Sept 22’10 high with a decisive violation of there pushing the pair higher towards its 2008 high at 0.9848 and beyond. To halt this view, a breach of the 0.9467 level and its 2009 high at 0.9404 must occur thereby pushing AUDUSD further lower towards the 0.9219 level, its Aug 06’10 high where a reversal of roles is likely. However, if that level fails, bear pressure will develop towards the 0.9078 level.
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