|AUD/USD : Strong rebound on the major support at 1.02|
|--- Follow up analysis ---|
The pair AUD/USD has failed to break the resistance at 1.06 after a bullish rally last friday but still continues to move above a bullish slant (brown line).We advise to trade only long positions as far as 1.0450 is support. The breakout of 1.0550 and 1.06 will both give a new buy signal and open the way towards 1.07.
In case of return above 1.0450, we will advise to trade short positions only if 1.04 is broken.
Analysis published by Vincent, the 09/17/2012 at 12h00 GMT+2
|Complete sheet of the pair AUD/USD - Previous AUD/USD Analysis|
|Chart of the pair AUD/USD - Timeframe 4H|
|Chart of the pair AUD/USD - Timeframe 1H|
|AUD/USD Live Chart - Timeframe : 4h|