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[يمن فوركس | yemenforex‎]

Forex Trading News: AUD/USD Trading Technicals

Posted by Alex Chernomordin on Sun, 12/14/2008 - 9:39pm in

• Aud/usd

In what has been a relatively quiet Sunday with the Nikkei up almost 5%, the ASX up over 3% and US futures trading better the Dollar and Yen crosses have been trading weaker across the board. Looking at the AUD/USD on an hourly retracement analysis from the 12/5 low to the 12/11 high we see some key technical levels coming into play. As the pair might try to retest the highs on any significant USD weakness this week, we see a lot of short-term support at the .66 figure where the 38.2% retracement and 100 hour moving average have converged.

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