| AUS/USD Technical - 10/March |
| Written by Praful Patat |
| Thursday, 10 March 2011 06:18 |
|
AUDUSD is forming flag pattern on 1 hour chart, possibility to back from here at 1.0026, again 1.0166 and if break of 1.0022 level further going down side at 0.9941. AUDUSD will back from 1.0022 support then again up trend start toward strong resistance is at 1.0184. AUDUSD trend is up still in progress, not break of 1.0021 and if break of this level trend will change.
Strategy: AUDUSD buy support or sell from resistance
New High: 1.0120, 1.0156, 1.0144.
New Low: 1.0047, 1.0083, 1.0071
R3-1.0171, R2-1.0144, R1-1.0127, PP-1.0099, S1-1.0071, S2-1.0054, S3-1.0027
AUDUSD is forming flag pattern on 1 hour chart, possibility to back from here at 1.0026, again 1.0166 and if break of 1.0022 level further going down side at 0.9941. AUDUSD will back from 1.0022 support then again up trend start toward strong resistance is at 1.0184. AUDUSD trend is up still in progress, not break of 1.0021 and if break of this level trend will change. Strategy: AUDUSD buy support or sell from resistance New High: 1.0120, 1.0156, 1.0144. New Low: 1.0047, 1.0083, 1.0071 Pivot: R3-1.0171, R2-1.0144, R1-1.0127, PP-1.0099, S1-1.0071, S2-1.0054, S3-1.0027 |