Docstoc
EXCLUSIVE OFFER FOR DOCSTOC USERS
Try the all-new QuickBooks Online for FREE.  No credit card required.

Special Focus AUDUSD

Document Sample
Special Focus AUDUSD Powered By Docstoc
					            Sunday, 06th of Aug, 2012                                      FXTechstrategy Team
                                                                         info@fxtechstrategy.com
               SPECIAL FOCUS
                     AUDUSD
                                           AUDUSD: Sees Further Bullish Momentum,
                                           Risk Points To The 1.0635 Level.

                                           AUDUSD: With continued upside offensive
                                           seeing AUDUSD taking out the 1.0556 level
                                           the past week, risk of further bull pressure is
                                           likely. In such a case, its immediate resistance
                                           at the 1.0600 level will be targeted where a
                                           violation will set the stage for a run at the
                                           1.0635 level, its Mar 19’2012 high. Further
                                           out, resistance resides at the 1.0700 level, its
                                           psycho level. Its weekly RSI is bullish and
                                           pointing higher supporting this view. On the
                                           downside, the alternative scenario will be for
                                           the pair to return to the 1.0556 level and then
                                           the 1.0442 level where a reversal of roles as
                                           support is likely to occur. But if these levels fail
                                           to hold, the pair will weaken further towards
                                           the 1.0380 level where a breach will aim at the
                                           1.0290 and then the 1.0177 level. All in all,
                                           the pair continues to retain its short term
                                           bullish bias as it looks to strengthen
                                           further.

                                           To read the full version of this 7 model
                                           currency analysis check out FXT Technical1
    www.FXTechstrategy.com                 Strategist Plus
The Ultimate Technical Research On Forex
This report is prepared solely for information and data purposes. Opinions, estimates and projections
contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to
change without notice. The information and opinions contained herein have been compiled or arrived
at from sources believed to be reliable but no representation or warranty, express or implied, is made
as to their accuracy or completeness and neither the information nor the forecast shall be taken as a
representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not
accept any liability whatsoever for any loss arising from any use of this report or its contents. This
report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies
referred to in this report. Click here for full disclaimer




                                                                                                         2

				
DOCUMENT INFO
Stats:
views:25
posted:8/5/2012
language:English
pages:2
Description: GOLD: The commodity failed to follow through higher on the back of its previous week gains and turn down to close lower on Friday. This leaves it in its range trading environment referenced in our earlier analysis.