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Old 16-12-2013, 07:15
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VolkovYuriy VolkovYuriy is offline
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Join Date: Dec 2013
Posts: 343
Default re: FreshForex -

Australian still stands off Euro and Pound

Monthly chart: Area of 1.3859 will be repeatedly tested (upper Bollinger Band), further to which bulls either start attacking 1.4260 or will roll to the medium band (1.3121, marked by red arrow).
Weekly chart: here, 1.4260 level seems like a verdict. The question is only in the direction of movement whether it will be direct or through rollback to the medium band. So far, a more located support in this case 1.3442 does not allow to rely upon a deep movement to 1.3121.
Daily chart: an even closer level of potential demand is 1.3601. Most likely that 1.3859 will be broken exactly after touching this very area.
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