Instaforex
Forex Analysis: 2 Mar 2012, 14:36 UTC+00
AUD/USD Sell Bellow 1.08 for March 02, 2012 (Daily Strategy)


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 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 © 2007-2016
 Published: 2 Mar 2012, 14:36 UTC+00

 
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