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AUD USD strongly gains 19/11/2012
The pair rallied sharply today to surpass 1.0365 and attempt to settle above it, and if the price succeeded to stabilize above, we will get positive signals for stopping the previous completed double top patterns’ effect.
For now, we need to stay neutral; hence Stochastic negativity and EMA50 are factors might force the price to bounce lower again, therefore, monitoring the daily close according to 1.0365 and 1.0380 will offer clearer signals for the next trend.
Expected trading range for this week is between: 1.0100 support and 1.0650 resistance.
Expected trend for today: Neutral
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