AUD/USD - Australian Dollar US Dollar, American Session - 05/05/08

By IBTimes Staff Reporter | May 05 2008 9:22 AM

0,9408. AUD USD is in a range between 0,9290 and 0,9450. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The price should continue to move in 0,9290 / 0,9450 range. We won't take a position. The risk/reward ratio is too high to take a position..

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Resistances: 0,9420 - 0,9450
Supports: 0,9395 - 0,9335

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