AUD USD approaches to retest 26/11/2012
Economies.com
2012-11-26 06:03AM UTC
The pair achieved a strong bullishness to approach from retesting the previous breached rising wedge support, which is located now at 1.0485
Currently, we expect to witness some bearish bounce due to stochastic negativity, while our neutral attitude remains valid until getting a clear breach for the aforementioned level and confirming more bullishness, or breaching 1.0365 followed by 1.0285 and then resuming the negative trading.
Expected trading range for this week is between: 1.0200 support and 1.0650 resistance.
Expected trend for this week: Neutral
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