AUD USD continues with the negative pressure 03/12/2012
Economies.com
2012-12-03 05:46AM UTC
The pair resumes the negative trading, but it closed the last week trading above 1.0420, to postpone the confirmation of this breach, and that makes us continue in our neutrality on the intraday trading.
Note that confirming breaching the mentioned level followed by 1.0365 will ease the way for moving lower and targets 1.0200, while breaching above 1.0525 will turn the price back to the bullish bias again.
Expected trading range for today is between: 1.0200 support and 1.0600 resistance.
Expected trend for today: Neutral
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