AUD/USD – Sell bellow 0.9572 for June 12, 2013 (daily strategy)
June 12, 2013 4:30 pm
The Australian dollar broke through 0.95. The pair managed to close the gap left on Monday during the Asian session at 0.9503, but not yet has covered the gap in 2010, found in the levels of 0.9270. The Aussie experienced an upward momentum due to improved consumer confidence in Australia, however, we believe this pair still must fall at least to the level of the second weekly support at 0.92. Tomorrow is key day for this pair, as the market will receive the data on unemployment, therefore, given that the 0.9572 area is a strong resistance level, we recommend selling the pair with objectives to support 0.9355 weekly and further down to 0.9270.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar broke through 0.95. The pair managed to close the gap left on Monday during the Asian session at 0.9503, but not yet has covered the gap in 2010, found in the levels of 0.9270. The Aussie experienced an upward momentum due to improved consumer confidence in Australia, however, we believe this pair still must fall at least to the level of the second weekly support at 0.92. Tomorrow is key day for this pair, as the market will receive the data on unemployment, therefore, given that the 0.9572 area is a strong resistance level, we recommend selling the pair with objectives to support 0.9355 weekly and further down to 0.9270.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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