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AUD/USD - Australian Dollar US Dollar, European Session - 03/07/09

03 Jul, 2009 @ 01:49 am ET | written by Mataf


0,7965. AUD USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue on 0,7785 support (180 pips).
Resistances
0,7985 - 0,8100
Supports
0,7900 - 0,7850

tags: Forex, audusd
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

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