News: 2010-07-30 12:00:00 UTC+00 1 year, 6 months, 1 week, 2 days, 16 hours, 1 min. ago
The candlestick analysis of AUD/USD for 30/07/2010

On a daily chart, AUD/USD shaped Evening Doji Star candlestick combination, which is a signal for a downward movement.
This combination developed around 0.9060 mark, where the bears began increase their influence and pullback took place after rising motion.
If the mark of 0.8855 and Fibonacci correctional level of 23.6 are broken out it will mean that this point of view is correct one. In this case, it is expected that the currency pair can move downwards to 0.8630 level, where the first support level is placed. If this level is broken, AUD/USD will aim at 0.8312.
Stop orders are advisable to set slightly above 0.9060 as the breach of this mark will aim the currency pair at 0.9391.
 


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Performed by
Analytical expert: Vladimir Donin
InstaForex Companies Group © 2007-2012
Published: 2010-07-30 12:00:00 UTC+00 1 year, 6 months, 1 week, 2 days, 16 hours, 1 min. ago

 
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