empty
 
 
03.07.2012 04:55 PM
AUD/USD Uncertainty for July 03, 2012 (Daily Strategy)

 

The AUD/USD pair strongly depends on operators’ appetite. However, the fact that the Bank of England and the ECB have meetings this week, can lower operators activity.
Currently, the market is set around the 1.0250 level, an area that was both support and resistance over the past few months.
Last Friday at the end of the session, the market hits this level and could not break higher. On the other hand, it is interesting that the pair did not fall again from the level after this explosive upward movement.
According to these data, we have two options: to buy above the last maximum, around 1.0280 or below 1.0220 sell, targeted towards the bullish trend line 1.0060
It is possible that this week the pair oscillate between these levels.
On the other hand, the Momentum indicator is displaying bearish signal.

 

This image is no longer relevant

  

If you need a personal consultation, contact me via e-mail: [email protected]

If you like my Technical Analysis, please vote for me by clicking here!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback