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AUD/USD Analysis-June 01,2011 |
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Wednesday, 01 June 2011 01:18 |
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Forex AUD/USD Intraday Analysis - June 1, 2011: Testing Level 1.0805
Yesterday: Open 1.0689 High 1.0757 Low 1.0643 Close 1.0658
After 4 times to touch the support level at 1.0648, the movement of the Aussie tries to rebound until the daily closing level of 1.0658.
Currently, the Aussie looks bullish movement.
The focus of economic data today for the Aussie currency is:
1. AUD GDP q / q
2. AUD Commodity Prices y / y
If the price increases that continued the open opportunities to the 1.0805 resistance level.
We recommend that if a decline continues the trend line and is able to penetrate the diagonal, then the price could reach the 1.0613 support level.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions.
While the Stochastic indicator indicating a bullish but still more likely to watch had stopped approaching overbought area.
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