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AUD/USD techs: bullish set-up but not yet confirmed

By   || March 9, 2010 at 00:05 GMT
|| 3 comments || Add comment

audusddailyThe close above the 100-day MA and the rising 20-day MA are both good signs for AUD/USD bulls. Nevertheless there is still the possibility of a topping formation emerging and really it will take a clean break above .9400 to confirm the latest bull trend. Initial support levels are at .9060 and .8970. Resistance points are quite scarce until .9320.

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3 Responses to “AUD/USD techs: bullish set-up but not yet confirmed”

  1. Hart on March 9th, 2010 00:58 GMT

    Hi Sean I have no idea what aud/usd is going to do. Good news but no movement. I squared up and am waiting for dxy to open. Watching gold closely as well.

  2. Sean Lee on March 9th, 2010 01:05 GMT

    Hi Hart, it’s gonna be dead all session I think, no momentum

  3. Hart on March 9th, 2010 01:08 GMT

    Think you are right. When do we start getting the China lineup? Thanks

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