View Single Post
Old 28-01-2014, 14:30
FBS's Avatar
FBS FBS is offline
Level IV Lasers Member
Join Date: Jul 2013
Posts: 120
Default Re: Market news and trade recommendations by FBS


AUD/USD recovered to the 55-period MA just below $0.8800. Aussie was supported by higher NAB business confidence. The pairís trying to rise above the horizontal Kijun-sen. MAs are sloping down. All in all, the pair was quite oversold after hitting a multiyear low last week and it may correct a bit more within the general downtrend. The Ichimoku Cloud represents a hurdle at $0.8825. The upper Bollinger band lies here as well.

Resistance: $0.8800, $0.8825, $0.8865, $0.8890

Support: $0.8758, $0.8740, $0.8700, $0.8663

Chart. H4 AUD/USD

Upcoming events

USD - 13:30 GMT - Core Durable Goods Orders, Durable Goods Orders

USD - 14:00 GMT - S&P/CS Composite-20 HPI

USD - 15:00 GMT - CB Consumer Confidence

AUD - 23:30 GMT - MI Leading Index
Reply With Quote