Technical Analysis: AUD/USD 2012.05.14

May 14, 2012 12:04

The pair drooped to parity. A break and consolidation below this level would extend declines towards the 0.9860, 0.9660 supports or beneath ahead of the key 0.9385 support. However, should the pair hold above parity, we could see a rebound back towards the 200-Day SMA by 1.0330.

Edward Smith, technical analyst of company Admiral Markets.

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