AUD/USD - Australian Dollar US Dollar, American Session - 24/04/08

By @ibtimes on

0,9445. AUD USD is in an uptrend supported by 1H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 0,9400 / 0,9520 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,9490 - 0,9520
Supports
0,9440 - 0,9400

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