The Australian Dollar consolidates at levels above 0.7500, 7-month high after having broken resistance level at 0.7475 yesterday. During Asian session, the Aussie has moved from 0.7500 to 0.7565 high.
The Aussie is aimed now at 0.7675: “The Aussie dollar managed to breach above the key resistance at .7475 and next objective is now aimed at .7675, the bottom of 2007. Upside will most likely remain favored on a short-term basis as both daily and medium term studies are bullish. Intra-day momentum is positive as well and potential pullbacks may be limited by support at .7475 - previous resistance.”
Next resistance level remains at 0.7560 and above there, 0.7600 and 0.7675. On the downside, the Aussie might find support at 0.7475 and below there, 0.7445/50 and 0.7420.
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
This Forex trading order is executed only when the previous order is also executed. This way you can work on other currency orders and not ... -
Forex trading sites offer different account types. Make sure you find the right trading site , and then the job of selecting the account ty... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Gross Domestic Product (GDP) – This measures the total market value of all goods and services that companies make within the country. This ...
No comments:
Post a Comment