The overall trend on the hourly chart is neutral. Potential resistance at .8070 in the form of a Fibo, trend line. Support is at last nighs .7965 low. Looks like a range trading market to me, buy dips, sell rallies.
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AUD/USD short term technicals
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- Forex
- technicals
- term
June 11 2009, 2:10am | Comments »
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EUR/GBP long term technicals
The 61.8% Fibo at .8490 should provide initial support but a break below there will target an interim low at .8260, which also coincides with the long term trend line. The previous important low at .8635 is now the first level of resistance with little behind there until .8800.
- Tags:
- Forex
- technicals
- term
June 11 2009, 12:44am | Comments »
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