79% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Regulator asic CySEC fca

Technical Analysis: AUD/USD 2012.04.23

April 23, 2012 12:02

  The pair is still trading below the 1.0370-1.0430 resistance area, right where the 100-Day SMA and the 200-Day SMA reside, so we see the risks of a new decline towards parity. Breaking below parity would accelerate declines ahead of the 0.9385 support in a medium-term. Only a clear break above the 1.0370-1.0430 area would confirm a shift in the short-term structure and open a fresh upside extension towards the 50-Day SMA by 1.0510 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.

 


Admiral Markets Group consists of the following firms:
Admiral Markets Pty Ltd
Regulated by the Australian Securities and Investments Commission (ASIC)
CONTINUE
Admiral Markets Cyprus Ltd
Regulated by the Cyprus Securities and Exchange Commission (CySEC)
CONTINUE
Admiral Markets UK Ltd
Regulated by the Financial Conduct Authority (FCA)
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.