Technical Analysis: AUD/USD 2012.04.13

April 13, 2012 12:06

The pair is trying to break above the 1.0380-1.0420 resistance area, right where the 100-Day SMA and the 200-Day SMA reside. Should it succeed, it will confirm a shift in the short-term structure and open a fresh upside extension towards the 50-Day SMA by 1.0560. Otherwise, we could see a new decline towards 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.

Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.