| AUS/USD Technical - 28/Feb |
| Written by Praful Patat |
| Monday, 28 February 2011 05:38 |
|
AUDUSD is continues going toward 127.2% extension at 1.0213, 161.8% at 1.0288 which is also 127.2$ extension from 1.0198 to 0.9830. AUDUSD will retrace after 1.0215, 1.0288 area, otherwise continues going projection. AUDUSD will also fill gap at 1.0228 today and form double top.
Strategy: AUDUSD buy from 1.0170 target 1.0215, 1.0288 with stop loss 1.0109 or sell at 1.0215, 1.0288 area target 1.0119
New High: 1.0177, 1.0224, 1.0223
New Low: 1.0083, 1.0130, 1.0129
R3-1.0239, R2-1.0204, R1-1.0182, PP-1.0146, S1-1.0110, S2-1.0088, S3-1.0052
AUDUSD is continues going toward 127.2% extension at 1.0213, 161.8% at 1.0288 which is also 127.2$ extension from 1.0198 to 0.9830. AUDUSD will retrace after 1.0215, 1.0288 area, otherwise continues going projection. AUDUSD will also fill gap at 1.0228 today and form double top. Strategy: AUDUSD buy from 1.0170 target 1.0215, 1.0288 with stop loss 1.0109 or sell at 1.0215, 1.0288 area target 1.0119 New High: 1.0177, 1.0224, 1.0223 New Low: 1.0083, 1.0130, 1.0129 Pivot: R3-1.0239, R2-1.0204, R1-1.0182, PP-1.0146, S1-1.0110, S2-1.0088, S3-1.0052 |