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AUD/USD - Australian Dollar US Dollar, European Session - 22/07/08

21 Jul, 2008 @ 10:00 pm EST

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0,9750. AUD USD is in a range between 0,9700 and 0,9775. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The price should find a support above 0,9730. We won't take a position.

Resistances: 0,9775 - 0,9815
Supports: 0,9730 - 0,9700

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