AUDUSD: Rallies, Pressure Builds On The 0.9102 Level
March 17, 2014 12:49 pm
AUDUSD: With the pair rallying, the risk is for more strength to occur towards the 0.9102 level, its Mar 13 2014 high. A break and hold above here will turn focus to the 0.9132 level, representing its Mar 07 2014 high. Further out, resistance resides at the 0.9200 level, its psycho level. Its daily RSI is bullish and pointing higher suggesting further strength. On the other hand, in case of a pullback, support lies at the 0.9049 level where a break if seen will aim at the 0.9000 level, its big psycho level. Further down, support comes in at the 0.8923 level, its Mar 12 2014 low where a breach will expose the 0.8900 level. All in all, the pair remains biased to the upside on further bull risks.
AUDUSD: With the pair rallying, the risk is for more strength to occur towards the 0.9102 level, its Mar 13 2014 high. A break and hold above here will turn focus to the 0.9132 level, representing its Mar 07 2014 high. Further out, resistance resides at the 0.9200 level, its psycho level. Its daily RSI is bullish and pointing higher suggesting further strength. On the other hand, in case of a pullback, support lies at the 0.9049 level where a break if seen will aim at the 0.9000 level, its big psycho level. Further down, support comes in at the 0.8923 level, its Mar 12 2014 low where a breach will expose the 0.8900 level. All in all, the pair remains biased to the upside on further bull risks.
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