Forex Analysis: 19 Apr 2012, 12:36 UTC+00

AUD/USD Bullish Outlook for April 19, 2012 (Daily Strategy)


Show full picture

 

Judging by the technical picture presented by the Australian dollar, we can find indication that the markets should be finishing their current price drops.
Since the price of this pair is the last one trading near support level, there is a good buying opportunity at current levels, and especially if we notice the formation of a reversal pattern, this can give strength to the Aussie right to the next nearest resistance. However, it is possible to make entry into a conditional purchase position above the 1.0400 level. A close above the moving average of 200 periods increase the probability of a continuation of the upward movement to the level of resistance - 1.0673 and maybe even more, until the daily fractal 1.0803.


Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2016
 Published: 19 Apr 2012, 12:36 UTC+00

 
Recommend: Forex Analytics
 
Technical analysis of USD/JPY for December 09, 2016
9 Dec 2016, 09:56 UTC+00   
Betrachtet heute 1887
Elliott wave analysis of EUR/NZD for December 9 - 2016
9 Dec 2016, 11:30 UTC+00   
Betrachtet heute 1856
Technical analysis of EUR/USD for Dec 09, 2016
9 Dec 2016, 08:40 UTC+00   
Betrachtet heute 1852
Technical analysis of GBP/JPY for December 08, 2016
9 Dec 2016, 09:34 UTC+00   
Betrachtet heute 1851
Technical analysis of NZD/USD for December 09, 2016
9 Dec 2016, 09:43 UTC+00   
Betrachtet heute 1848