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Author Topic: AUD/USD Weekly Outlook  (Read 1940 times)
Hemant
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« on: February 27, 2011, 05:06:12 pm »
AUD/USD Weekly Outlook

AUD/USD rebounded strongly to as high as 1.0176 last week and the broke 1.0156 resistance. Initial bias is cautiously on the upside for 10119 resistance. As noted before, while upside momentum is clearly seen diminishing with bearish divergence condition in daily MACD, AUD/USD is still drawing strong support from 55<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/L_baTITF38c" height="1" width="1"/>

Source: AUD/USD Weekly Outlook
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