Midday update for AUD USD 26/11/2012

Economies.com
2012-11-26 11:28AM UTC

The pair moves in sideways’ range since morning settling below 1.0485, and we still wait a confirmation for the next trend through monitoring the price behavior according to this level.

 

Note that there’s contradictory between Stochastic negativity and EMA50 positivity, which forces us to continue with our neutral attitude.

 

Expected trading range for this week is between: 1.0200 support and 1.0650 resistance.

 

Expected trend for this week: Neutral

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