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AUD/USD - May 24, 2011: Testing Level 1.0595 |
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Tuesday, 24 May 2011 05:21 |
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Yesterday: Open 1.0638 High 1.0641 Low 1.0479 Close 1.0513
All day yesterday the Aussie had strong bearish movement until it reaches about 160 pips. Had touched the lowest level at 1.0479 daily.
Currently, the movement of the Aussie is trying to rebound.
There is no focus on economic data today for the Aussie currency.
When prices rise the opportunity to continue the resistance level is 1.0595 (Fibo 50).
We recommend that if a decline continues then the price can reach the support level of 1.0453.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions intersect.
While the Stochastic indicator indicating the bullish conditions.
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