Updated the:
11/02/2012
AUD/USD : Exit of the medium term bearish channel

Sentiment :
sentiment sur la parité EUR/CHF
1.0325
sentiment sur la parité EUR/CHF
1.03
sentiment sur la parité EUR/CHF

--- Follow up analysis ---
The pair AUD/USD has faked yesterday the breakout of the resistance at 1.04. The price is currently moving towards the lower band of its bullish channel (blue lines).

We advise to trade only long positions as far as 1.0325 is support. The breakout of 1.04 will give a new buy signal and will allow the price to pursuit its bullish movement towards 1.0450.

In case of return below 1.0325, we will advise to wait the breakout of 1.03 to trade short positions.

NB: Traders with a more agressive strategy could trade the pair according to 1.0350 (long above and short below).
 
 
 
 

Analysis published by Vincent, the 11/02/2012 at 09h30 GMT+2

Full analysis



Chart of the pair AUD/USD - Timeframe 4H
AUD/USD Technical Analysis
 
Chart of the pair AUD/USD - Timeframe 1H
AUD/USD Technical Analysis




 

AUD/USD Live Chart - Timeframe : 4h
Chart AUD/USD BID

 

For more reports, go to Forextribe