Forex Analysis: 2 Mar 2012, 14:36 UTC+00

AUD/USD Sell Bellow 1.08 for March 02, 2012 (Daily Strategy)


Show full picture

 

 The AUD/USD pair

Yesterday the AUD / USD pair again has faled to close above the resistance level 1.08 W_R1. Thus, this morning during the American session we could observe the bearish reversal signals, Therefore, at current levels SELL-deals are recommend selling  with the level 1.0484 (W_S2) seen as the medium-term target.

Range indicator is located in the area 98 indicating the oberbought character of the aussie due to the release of the Australian fundamental data.

 


Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2017
 Published: 2 Mar 2012, 14:36 UTC+00

 
Recommend: Forex Analytics
 
Elliott wave analysis of EUR/NZD for March 24, 2017
24 Mar 2017, 18:33 UTC+00   
Views today 2568
Global macro overview for 24/03/2017
24 Mar 2017, 14:01 UTC+00   
Views today 2298
Daily analysis of GBP/USD for March 24, 2017
24 Mar 2017, 13:08 UTC+00   
Views today 2248
AUD/USD profit target reached perfectly, time to start buying
24 Mar 2017, 20:15 UTC+00   
Views today 2233
EUR/JPY profit target reached, prepare to buy
24 Mar 2017, 20:15 UTC+00   
Views today 2230