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Forex Trading – AUD/USD


Forex Trading – AUD/USD
During the trading hours yesterday, the Australian dollar was in range 1.0390-1.0490 USD. This morning the currency pair is trading at 1.0475-1.0490. According to Forex analyses, if Australian dollar breaks the resistance levels at 1.0500-1.0520 USD, the aim will be reaching and testing the zone 1.0545-1.0565 USD. If it is successful, the upward trend will continue to 1.0585-1.0600 USD. If AUD drops below the support levels at 1.0480-1.0460 USD, it will try to find a next support at 1.0435-1.0420 USD. In case of breaking down, the downward trend will continue to 1.0400-1.0385 USD.

This entry was posted on Monday, January 23rd, 2012, 8:35 am and is filed under Forex Trading - AUD/USD. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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