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AUD/USD Analysis-June 09,2011 |
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Thursday, 09 June 2011 04:48 |
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Forex AUD/USD Intraday Analysis - June 9, 2011: Testing Level 1.0543
Yesterday: Open 1.0718 High 1.0725 Low 1.0589 Close 1.0628
Towards the end of the European session yesterday Aussie movement reached its lowest level even through the daily 1.0589 second support level at 1.0596. Moments later, the Aussie rebounds to reach the range of 60 pips.
Currently, the Aussie looks bearish start after economic data released a few moments later.
The focus of today's economic data for the AUD/USD is:
1. AUD Employment Change
2. AUD Unemployment Rate
If the price increases that continued the open opportunities to the 1.0717 resistance level.
We recommend that if a decline continues then the price can reach the support level of 1.0543 and 1.0496.
Prices shown on the graph H1 line MA05 and MA10 in bearish conditions intersect.
While the Stochastic indicator indicates still more likely bearish.
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