Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on April 12, 2010, 11:02:31 am
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AUD/USD 94.0 Resistance Holds but No Bearish Signal
The 1H chart shows a strong rejection at 0.9250. This suggests that although bulls were not strong enough to break through 0.94, they are strong enough to support the pair at 0.9250. At the moment, we can anticipate ranging action between 0.9250 and 0.94, until market tells us otherwise.
http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-94.0-resistance-holds-but-no-bearish-signal-20100412110765/