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26 Feb 2014
Flash: AUD/USD levels to watch
FXStreet (Guatemala) - Ivan Delgdo is the Head of Asian Editor's and explained in an article the main levels to focus on for the AUD/USD.
Key Quotes:
“The main levels to focus on intraday are situated at 0.9030/35 (descending trendline) followed by 0.9045/50, with a break higher paving the way for a retest of 0.9080”.
“On the downside, some stops are accumulating below 0.90/0.8990, which suggests any break lower may cause an initial quick decline, although the sizeable bullish outside day from Monday (more representative of market intentions) communicates interest to buy on dips should be solid as the next projected price trajectory following several downside failures appears to be a retest of 0.9080”.
Key Quotes:
“The main levels to focus on intraday are situated at 0.9030/35 (descending trendline) followed by 0.9045/50, with a break higher paving the way for a retest of 0.9080”.
“On the downside, some stops are accumulating below 0.90/0.8990, which suggests any break lower may cause an initial quick decline, although the sizeable bullish outside day from Monday (more representative of market intentions) communicates interest to buy on dips should be solid as the next projected price trajectory following several downside failures appears to be a retest of 0.9080”.