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Tuesday, April 24, 2012

-$-AUD/USD Classical Technical Report 04.24

Daily_Classical_AUDUSD_body_aud.png, AUD/USD Classical Technical Report 04.24

AUD/USD: Our bearish Outlook in this market is be reaffirmed with the final withdrawal of the mi-de 1.0400 and we continue to deeper setback of the project in the coming days and weeks of return under parity. A low cost high now seems to be carving by 1.0465 but only back above 1.0640 would delay and give reason to worry. From there, look for the last break and close back under 0.9900 to open the next downside extension towards 1.0000 on upcoming sessions.

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