AUDUSD Analysis - October 31, 2009
2009-11-06 21:16 | View:After touching the upper border of the rising price channel on daily chart, AUDUSD pulled back from 0.9326, suggesting that a cycle top has been formed. Range trading between 0.8567 and 0.9326 is expected. Key support is now located at 0.8567, a break below this level will indicate that the uptrend from 0.6248 (Feb 2 low) has completed at 0.9326 level already.
For long term analysis, AUDUSD is in long term bullish movement. Further rise towards 0.9300-0.9500 area to reach next cycle top on weekly chart is still possible in next several weeks.
A 90 day demo account helps you build up your trading confidence with ample time and capital before entering a live environment. From US$5,000 up to US$ 5,000,000 to trade in virtual money, get direct access to the world's FX markets at no risk or obligation with our powerful, user-friendly online trading platform - the MIG Trading Station.
- USD/JPY 89.60 - 27/01/2010
USD / JPY 90.54 Low 89.14 Open 89.63 Close 89.67 highest U.S. dollar / yen rose to 90.54 at the top, from where the main movement continued to decline ...
- Forexpros.com Daily Analysis - 27/01/2010
Fundamental analysis: U.S. durable goods orders Traders expect the core durable goods orders will be held tomorrow (January 28 published). It is used t...
- Trends for Today by Finexo.com 27/01/2010
The UK economy is finally out of the economic recession in the recovery of gross domestic product growth of 0.1%. Bernanke's re-election seems certain,...
- ·Daily Forex Report - USD recovers, Dubai debt not guarant
- ·USDCAD Analysis - October 31, 2009
- ·USDCHF Analysis - October 31, 2009
- ·AUDUSD Analysis - October 31, 2009
- ·GBPUSD Analysis - October 31, 2009
- ·EURUSD Analysis - October 31, 2009
- ·USDCAD Analysis - October 25, 2009
- ·USDCHF Analysis - October 25, 2009
- ·USDJPY Analysis - October 25, 2009
- ·AUDUSD Analysis - October 25, 2009