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forex4you
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Online forex trading with leading broker. Leverage up to 1:500! Start trading with just 2 USD. 24-hour customer support. Market tips and news.
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  • Forex4you Technical Analysis 28 July 2011 0 comments
    Jul 28, 2011 8:15 AM
    AUD/USD: technical analysis
     
    The price not only reached the pair's maximum at 1.1000 level, but even went beyond it. Trading is currently carried out at level 1.1060/70. Indicators are turned up, suggesting further growth. The next barrier for the price would be level 1.1100. However, taking into account psycological factor and pressure, connected with the fact that price has already reached new levels, growth may stop any time. Reversal to 1.1000 support will indicate a correction.
     
    Analysis by: Joaquin Monfort
    Forex4you analyst
     
    Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
     
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