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FX.co ★ AUD/USD Intraday Technical Analysis September 6, 2011

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Forex Analysis:::2011-09-06T13:13:12

AUD/USD Intraday Technical Analysis September 6, 2011

AUD/USD Intraday Technical Analysis September 6, 2011

The pair is now testing the support level 1.0550 - 1.04888.

This area is the level of previous multiple tops marked on the chart.

Based on the yesterday's analysis there was a bullish opportunity around 1.0550 - 1.04888.

We had a bullish engulfing 4H candlestick today confirming the importance of the level & strength of bulls there.

SL should be advanced to be below 1.0400.

Analyst InstaForex
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