FXEMPIRE
All
Ad
Advertisement
Advertisement
Christopher Lewis
Add to Bookmarks
audusd

The AUD/USD pair had a negative session after initially trying to rally on Wednesday as the 1.05 level was overcome by the sellers. We do have to consider the 1.04 level as a significant support level below though, and as a result we see quite a bit of noise between here and there. With that being the case, we are not interested in selling this pair quite yet, and believe that supportive action would be a viable reason to go long of this pair that has been so strong on the balance. Until then, we are flat.

 

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

AUD/USD Forecast December 20, 2012, Technical Analysis
Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker