AUD USD gains well 27/11/2012
Economies.com
2012-11-27 06:08AM UTC
The pair achieved good gains yesterday approaching from the retest level for the previous breached support which is located at 1.0495; a clear breach for this level is needed to confirm the continuation of the short term trend to the upside.
Note that the breach of 1.0480 is considered as positive factor that supports the proposed bullish trend, but we need to get daily close above this level and also above 1.0495 to confirm it.
On the other hand, breaching below 1.0420 might cause an intraday reverse towards lower levels.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for this week: Neutral
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