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AUD/USD Analysis-May 30,2011 |
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Monday, 30 May 2011 04:37 |
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Forex AUD/USD Intraday Analysis - May 30, 2011: Testing Level 1.0741
Friday movements tend bullish Aussie since the Asian session started and could penetrate the resistance level is 1.0656 and 1.0711. Towards the European session, the Aussie bergerakan the area 1.0656 - 1.0711 until the end of the closing daily.
Currently, the Aussie looks likely to bullish.
The focus of economic data today for the Aussie currency is:
1. New Home Sales AUD per month Based on the Housing Industry Association "tentative"
2. Gross Profit Operating Company AUD per quarter
If the price increase that continues then the opportunity to 1.0751 and 1.0805 resistance level.
We recommend that if a decline continues then the price can reach the support level of 1.0576 and 1.0580.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions intersect.
While the Stochastic indicator indicating the bullish conditions for the above the trend line diagonal. |
