24 Jun 2013
AUD/USD testing resistance on rebound
FXstreet.com (New York) - The AUD/USD foreign exchange rate has once again rapidly ascended during US trading, having rallied off the 0.9230 level in recent minutes.
AUD/USD indicators suggest stability
“The AUD/USD pair is stable below its linear regression indicators and below 127.2% Fibonacci at 0.9295, making us expect the downtrend to extend this week. Despite oversold signals the stochastic is reflecting, the negativity of LRIs help ups neglect these signals.” notes the Technical Analyst Team at ICN.com.
Presently, the AUD/USD technical pair is operating at 0.9272, up a steadfast +0.68% above its opening Monday. According to the Mataf.net analyst team, resistances will be encountered at 0.9268, then 0.9301, and 0.9343.
AUD/USD indicators suggest stability
“The AUD/USD pair is stable below its linear regression indicators and below 127.2% Fibonacci at 0.9295, making us expect the downtrend to extend this week. Despite oversold signals the stochastic is reflecting, the negativity of LRIs help ups neglect these signals.” notes the Technical Analyst Team at ICN.com.
Presently, the AUD/USD technical pair is operating at 0.9272, up a steadfast +0.68% above its opening Monday. According to the Mataf.net analyst team, resistances will be encountered at 0.9268, then 0.9301, and 0.9343.