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FX.co ★ AUD/USD Technical Correction , April 22, 2011 (Daily Strategy)

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Forex Analysis

2011-04-22T12:08:31
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AUD/USD Technical Correction , April 22, 2011 (Daily Strategy)

AUD/USD Technical Correction , April 22, 2011 (Daily Strategy)

AUD/USD

Due to some banks around the world are closed, there is little negociocion with respect to Australian dollar, for now and is consolidating. Is in a battle between bulls and bears, if the bears win, the pair will descend to its support around 1.0560, and if the bulls win, is expected to last up to the levels of 1.0790 at this level would be a good opportunity for to sell because the pair will be overbought.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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