The
Australian Dollar stays strong versus the US Dollar and reaches its next round
number level at the 0.9500 zone. At the moment, the pair tries to stall at that
level and it even has retraced a few pips. On the weekly chart below of the
AUD/USD we can see that the pair has reached a very interesting zone of
resistance.
About 41
pips above the 0.9500, we have the 200 period Exponential Moving Average on the
weekly chart around the 0.9541 level, which can act as a very good resistance
for this pair. Therefore, we must be attentive to a visit to this zone, because
we may get very good opportunities to see a change of direction and possibly
some really good short entries.
great ill be watching the pair for possible entry point. thank you
ReplyDeletegood post and useful analysis .
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteGood point, I'll be watching AUDUSD.
ReplyDeleteGreat pair for me
ReplyDeleteGood point, now I want to be watching developments.
ReplyDeletevery good move
ReplyDeletegood point
ReplyDelete