AUD USD tests the neckline 30/01/2013
Economies.com
2013-01-30 05:15AM UTC
The pair moved higher to approach from the previously broken neckline level at 1.0485, which meets EMA50, accompanied with Stochastic entering the overbought level, and this offer a possibility for a bearish curve from the current levels, which makes us continue in the neutrality until being certain from the strength of the resistance levels between 1.0485 and 1.0525, where breaching above it will turn the price back to the bullish trend again, while its firmness will force the price to decline.
Breaking below 1.0440 will push on the intraday trading and followed by visiting new levels around 1.0365.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for today: Neutral
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