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AUD/USD - May 20, 2011: Testing Level 1.0735 |
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Friday, 20 May 2011 04:38 |
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Yesterday: Open 1.0631 High 1.0682 Low 1.0596 Close 1.0666
By early European trading session yesterday, the Aussie currency movements are bullish daily until you reach the highest level at 1.0682 and first past the resistance level at 1.0665. Furthermore, several times, the movement of the Aussie trying to take off past the first resistance level is at 1.0665 but only a few pips from that level.
Overall daily high low range of about 80 pips Aussie yesterday.
Currently, the Aussie looks sideways movement tends to bullish.
There is no focus on economic data today for the Aussie currency.
When prices rise the opportunity to continue the resistance level is 1.07135.
We recommend that if a decline continues then the price can reach the support level of 1.0596.
Prices shown on the graph H1 line MA05 and MA10 are still in bullish conditions is limited.
While the Stochastic indicator indicating the bearish conditions.
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