AUD/USD - Australian Dollar US Dollar Nov 08

Nov 08, 2004 1 Replies

AUD/USD - Australian Dollar US Dollar Short term (Intraday) AUD USD is in an uptrend supported by 4H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. RSI is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a support above 0,7550. We could take a long position at 0,7550. We will put the stop loss below 0,7520 (-30 pips). The major target is 0,80 (+450 pips). Resistances : 0,7640 - 0,7730 - 0,8000 Supports : 0,7585 - 0,7565 - 0,7540 Chart :

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