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FX.co ★ Technical analysis of AUD/USD & AUD/NZD for June 09, 2014

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Forex Analysis:::2014-06-09T05:02:59

Technical analysis of AUD/USD & AUD/NZD for June 09, 2014

AUD/USD

Technical analysis of AUD/USD & AUD/NZD for June 09, 2014

The pair has been in an uptrend from 0.92 levels. The pair is about to breach the descending upper trend line aiming for 0.9631 levels. On the downside, the pair has strong supports at 0.9318 and 0.93 levels. A day close below the 0.93 ( 50day SMA) will mean the pair is to face selling pressure up to 0.9187 levels.

AUD/NZD

Technical analysis of AUD/USD & AUD/NZD for June 09, 2014

The pair has been in an uptrend from 1.0643 levels. It gave an upside breakout but paused its rally at 200days EMA. The pair favors sell until it closes above the 200day EMA. On the downside, it has support at 1.0932, 1.0910 and 1.0984 levels. Breaks below the 1.0984 would extend its fall up to 1.0855 and 1.0830 levels. The RSI in the daily chart favors to sell in the near term. The key level was placed at 1.09

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