AUD USD prints lower high 29/11/2012
Economies.com
2012-11-29 06:13AM UTC
The pair couldn’t surpass the top level which was recorded the day before, and it still finds a difficulty in reaching the previous breached rising wedge support line shown in the image, accompanied with Stochastic negativity which puts a bearish pressure on the intraday trading.
Therefore, the neutrality remains preferable option for now, until surpassing one of the critical levels represented by 1.0420 followed by 1.0365 supports, and the resistance which is moving higher now to reach 1.0510.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for this week: Neutral
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