AUD/USD : Towards a return on 1.0
--- New analysis ---
The pair AUD/USD has validated this night the breakout of the support at 1.02, offering a new sell signal. The price is now testing the minor suport at 1.0150.
We continue to advise short positions as far as 1.0250 is resistance. All moves below 1.02 will comfort our bearish feeling. The breakouts of 1.0150 and 1.01 will both give a new sell signal and should allow the price to reach the major support at 1.0.
In case of return above 1.0250, we will wait the breakout of 1.03 to advise long positions.
Analysis published by Vincent, the 10/08/2012 at 10h00 GMT+2
Chart of the pair AUD/USD - Timeframe 4H
Chart of the pair AUD/USD - Timeframe 1H
|AUD/USD Live Chart - Timeframe : 4h|
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