Technical Analysis: AUD/USD 2012.04.19
April 19, 2012 11:54
The pair is still trading below the 1.0380-1.0430 resistance area, right where the 100-Day SMA and the 200-Day SMA reside, so we see the risks of a new decline ahead of parity. Only a clear break above the 1.0380-1.0430 area would confirm a shift in the short-term structure and open a fresh upside extension towards the 50-Day SMA by 1.0525 or higher ahead of the 1.0855 resistance. 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.