KBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF
AUD:(.9507). Strong rebound has extended above previous 2009 high but currently back below the 1st Uptrendline off .8858 and approaching the 2nd one (see graph). Support at .9495/ .9490 (break-up daily/ daily modified Alpha Beta trend bottom + daily Short Term Moving Average↑ + see graph): would like this area to hold to keep current short tem mood on Aussie.
Failure to hold would see next levels at .9450 (reaction low hourly), ahead of .9439 (idem + daily modified Standard Error band bottom) and .9404 (23.6% .8770 to .9601), where pause favored.
Resistance area at .9560 (breakdown hourly), ahead of .9576 (today’s high?), where pause favored. If wrong, next levels at .9601 (current new recovery high off 2008 low), ahead of .9629 (daily modified Alpha Beta trend top) and .9644 (daily envelope top + daily Bollinger top): tough on 1st attempts.
Content provided by:
KBC
Next Economic Event
Current Account
Did you know
Endaka
Endaka (high yen) or Endaka Fukyo (high yen recession) is a state in which the yen is high, or valuable compared to other currencies. Since Japan is highly dependent on exports, this can cause a...
Recommended Brokers
Copyright ForexStrip.com © 2012 All Rights Reserved.



KBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF

