AUDUSD: Clears The 0.8950/0.9000 Levels.
AUDUSD- Building on its Wednesday momentum, AUDUSD broke higher today through its key
resistance levels at the 0.8950 and 0.9000 levels. Maintaining and closing above these levels will keep its medium term upside offensive intact and open the door for additional incursions towards the its Aug 03’08 high at 0.9344 level with an invalidation of there turning focus to the 0.9592 level, its July 27’08 high. Its studies are
bullish and pointing higher suggesting further strength. Immediate supports are seen at the 0.9000/0.8950 levels where a reversal of roles is expected. However, if fails a decline towards the 0.8754 level, its intra day
low and the 0.8567 level, its Oct 02’09 low is likely. Below the latter will
put the pair on the part to the 0.8584 level, marking its Sept 28’09 low. On the whole, having broken and triggered the resumption of its medium term uptrend,
risk remains to the upside upside
AUDUSD: Clears The 0.8950/0.9000 Levels.
AUDUSD- Building on its Wednesday momentum, AUDUSD broke higher today through its key resistance levels at the 0.8950 and 0.9000 levels. Maintaining and closing above these levels will keep its medium term upside offensive intact and open the door for additional incursions towards the its Aug 03’08 high at 0.9344 level with an invalidation of there turning focus to the 0.9592 level, its July 27’08 high. Its studies are bullish and pointing higher suggesting further strength. Immediate supports are seen at the 0.9000/0.8950 levels where a reversal of roles is expected. However, if fails a decline towards the 0.8754 level, its intra day low and the 0.8567 level, its Oct 02’09 low is likely. Below the latter will put the pair on the part to the 0.8584 level, marking its Sept 28’09 low. On the whole, having broken and triggered the resumption of its medium term uptrend, risk remains to the upside
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