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Technical Analysis Reports

AUD/USD - Australian Dollar US Dollar, European Session - 19/11/08

19 Nov, 2008 @ 12:02 am ET
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0,6472. There is an horizontal range between 0,6405 and 0,6550. Support and resistance are given by Bollinger bands. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
0,6500 - 0,6575
Supports
0,6415 - 0,6340

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