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29 Oct 2014
Aussie: Rise and shine - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted and said that the AUD/USD finally woke up.
Key Quotes:
“Reaching 0.8881 against the greenback, and holding now well above the 0.8820 support as a new day starts”.
“The latest slide may have to do partially with gold late slump, as the metal gave up most of its intraday gains in the latest hours”.
“Nevertheless, the pair maintains a bullish tone as per the breakout of its latest range”.
“Technically the 1 hour chart shows a positive tone with indicators now flat above their midlines and a strong bullish 20 SMA well below current price”.
“In the 4 hours chart the picture is quite similar, with price above a flat 20 SMA and indicators now lacking strength in positive territory”.
Key Quotes:
“Reaching 0.8881 against the greenback, and holding now well above the 0.8820 support as a new day starts”.
“The latest slide may have to do partially with gold late slump, as the metal gave up most of its intraday gains in the latest hours”.
“Nevertheless, the pair maintains a bullish tone as per the breakout of its latest range”.
“Technically the 1 hour chart shows a positive tone with indicators now flat above their midlines and a strong bullish 20 SMA well below current price”.
“In the 4 hours chart the picture is quite similar, with price above a flat 20 SMA and indicators now lacking strength in positive territory”.