Technical analysis of the AUD/USD parity on March 22th, 2010

By ForexTribe
20 March 2010 @ 12:26 pm EDT

Commentary of the AUD/USD parity:

The parity is currenlty testing a break out of its bullish slant. This slant is starting on february 4th. Indicators are mixed. We stay neutral on the parity as far as the price is between 0.91 and 0.92. If 0.91 is broken, a sell signal will be given and if 0.92 is broken, we will advise to trade only long positions.



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