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AUD/USD Analysis – 25 May, 2011 |
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Wednesday, 25 May 2011 05:44 |
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Yesterday: Open 1.0512 High 1.0583 Low 1.0558 0480 Close 1.
Yesterday's bullish movement Aussie to about 100 pips daily with the highest level at 1.0583 and ahead of the session early America, the movement of Aussie tend to look correct.
Currently visible movement of Aussie cendrung sideways. Note the indicator stochastic when falling from the trend line diagonal means going correction again.
The focus of economic data today for the Aussie currency is:
1. AUD CB Leading Index m/m
2. AUD MI Leading Index m/m
3. AUD Construction Work Done q/q
When the price increase that continues then open up opportunities to the level of resistance 1.0622 and 1.656±0.
Preferably if there is a decrease in the price can reach continuous level support 1.0479.
The price on the graph visible line MA05 H1 and MA10 in condition of tangent.
While the Indicator Stochastic indicating a bullish conditions during fall beyond the trend line diagonal.
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