AUTOREFRESH 
AUD/USD technicals: longs preferred but prices sit mid-range
By Sean Lee || March 10, 2010 at 23:56 GMT
|| 7 comments || Add comment
As you are probably well aware, I’m bullish and long the AUD/USD, but I expect to see some drawn-out bullish consolidation before a major move higher can commence.
The daily chart has support/resistance now at .9005 (20-day MA) and .9325, recent congestive chart highs. The 100-day MA sits at .9060 and watch out for a bullish cross of the 20-day/100-day MAs which is likely to happen early next week. This is often a trigger for medium-term systematic trading models to enter the market.
Hourly support is initially at last nighs low around .9130 (also a previous high) and below there the bullish hourly trendline around .9100. Resistance of course is at last nights .9190 high.
Have a dry weekend all 
Sean, with Oz seemingly being the Land of Good-News-Only, would you say their resilience to the GFC was strategic, or purely circumstantial ( being a trading partner w/ the Giant Panda.) If the former, I would’ve anticipated lots of chatter as to how poorly managed Sovereigns could look to Oz for hints on how to be more stable. The latter I guess would be just “how it is…” Your thoughts?
9080 AUD/ USD Looks attractive RSI climbing nicely
Look for aud/usd to disappoint the longs very shortly. Gold and oil were not popular today in the U.S. and the rest of the world while take as the trading sessions open…
Hi Sean,
Are these MA Crossovers an indicator of direction (higher-lower) or are just triggers for closer examination of a pair?
9170 upside
Hi Kensai, moving average crossovers are supposed to indicate an acceleration in a trend when the faster ie 20-day crosses the slower, in this case 100-day.
Thank you for the explanation Sean.