Thursday, August 20, 2009

AUD/USD: Aussie appreciates to levels below 0.8315 resistance

Thu, Aug 20 2009, 07:41 GMT (Barcelona) - Australian Dollar declined on Wednesday from 0.8300 to 0.8175 low and got back to levels above 0.8300 during Asian session to put 0.8315 resistance area under pressure on early European session.

According to Liviu Flesar, technical analyst at InnerFX, the Aussie trades now at an area where bears could show up: "The whole .8315-.8355 region is expected to provide a selling point but it seem to be a hazardous scenario as the short term charts show signs of recovery especially due to yesterday’s reversal on the .8175 support. A continuation of current recovery may bring the top side of .8450/75 on focus."

Resistance levels, according to Flesar, lie at 0.8315 and above here, 0.8355 and 0.8400. On the downside, initial support lies at 0.8250,and below here, 0.8200 and 0.8150/75.

AUD/USD (Aug 21 at 05:06 GMT)

0.8221/31 (-1.08%)

H 0.8327 L 0.8214

[?]Trend Index[?]OB/OS Index
Data updated on Aug 21 at 05:05 (15-minute timeframe)

1 comment:

  1. I'm not sure where you are getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for excellent info I was looking for this info for my mission. Buy QMobile Noir Quatro Z4 in Pakistan