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Mar 16
AUD/USD Analysis-July 04,2011
Monday, 04 July 2011 04:43

AUD / USD Intraday Analysis - July 4, 2011: Testing the 1.0872 level, Alert Occurs Correction

Yesterday: Open 1.0710 High 1.0790 Low 1.0674 Close 1.0781

Range of movement of the Aussie yesterday to 115 pips daily with the highest level at 1.0790 and at 1.0674 daily lows.

The focus of today's economic data for the AUD / USD is:
1. AUD MI Inflation Gauge m / m at 7:30 pm
2. AUD ANZ Job Advertisements m / m at 8:00 pm
3. AUD Building Approvals m / m at 8:30 pm
4. AUD Retail Sales m / m at 8:30 pm
5. USD Bank Holiday "Independence Day" 




Currently seen the Aussie can still bullish.

When the price rise continues then the opportunity to 1.0872 resistance level.

We recommend that if the decline continues a trend line through the diagonal then the price can reach the support level 1.0686.

Prices on the graph H1 stripes seen in the MA05 and MA10 bullish conditions.

While the Stochastic indicator indicating the bearish conditions.