Special Focus AUDUSD 06 08 12

Views:
 
     
 

Presentation Description

GOLD: The commodity failed to follow through higher on the back of its previous week gains and turn down to close lower on Friday. This leaves it in its range trading environment referenced in our earlier analysis.

Comments

Presentation Transcript

PowerPoint Presentation:

1 Sunday , 06th of Aug, 2012 SPECIAL FOCUS AUDUSD AUDUSD: Sees Further Bullish Momentum, Risk Points To The 1.0635 Level. AUDUSD: With continued upside offensive seeing AUDUSD taking out the 1.0556 level the past week, risk of further bull pressure is likely. In such a case, its immediate resistance at the 1.0600 level will be targeted where a violation will set the stage for a run at the 1.0635 level, its Mar 19’2012 high. Further out, resistance resides at the 1.0700 level, its psycho level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, the alternative scenario will be for the pair to return to the 1.0556 level and then the 1.0442 level where a reversal of roles as support is likely to occur. But if these levels fail to hold, the pair will weaken further towards the 1.0380 level where a breach will aim at the 1.0290 and then the 1.0177 level. All in all, the pair continues to retain its short term bullish bias as it looks to strengthen further. To read the full version of this 7 model currency analysis check out FXT Technical Strategist Plus FXTechstrategy Team info@fxtechstrategy.com www.FXTechstrategy.com The Ultimate Technical Research On Forex

PowerPoint Presentation:

2 This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer

authorStream Live Help