Technical Analysis: AUD/USD 2012.03.30
March 30, 2012 11:38
The pair broke back above the 1.0370-1.0400 area, right where the 100-Day SMA and the 200-Day SMA reside. Should it hold on its gains, the recovery will likely continue towards the 50-Day SMA by 1.0620, with a daily close above to confirm the uptrend ahead of the 1.0850 resistance. However, a drop back below the 1.0370-1.0400 area would accelerate declines ahead of parity. Edward Smith, technical analyst of company Admiral Markets. At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.