Welcome, Guest. Please login or register.
March 29, 2024, 02:37:18 am
Home Help Search Login Register
News: to post a New Topic OR to reply and Existing Topic, you must be logged in

+  Forex Forum
|-+  Aeron News
| |-+  Forex Market: News/ Trend/ Technical Analysis
| | |-+  AUD/USD 94.0 Resistance Holds but No Bearish Signal
« previous next »
Pages: [1] Print
Author Topic: AUD/USD 94.0 Resistance Holds but No Bearish Signal  (Read 1914 times)
pranjali
Hero Member
*****
Posts: 452

View Profile
« on: April 12, 2010, 11:02:31 am »

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/
         
Logged
Pages: [1] Print 
« previous next »
 


Login with username, password and session length

Powered by MySQL Powered by PHP SMF 2.0.18 | SMF © 2021, Simple Machines Valid XHTML 1.0! Valid CSS!