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12 Aug 2013
AUD/USD emergent bullish pattern detected
FXstreet.com (New York) - The AUD/USD foreign exchange rate broke lower Monday, having touched a key support earlier today at the 0.9135 region, thereby triggering a recovery.
AUD/USD strategic bias
According to Technical Analyst Team at ICN.com, “The AUD/USD pushed lower during the European session, retested 0.9135 support level, and thus activated our suggested bullish setup. Holding above 0.9130 level is preferred for the bullish bias to remain dominant. While a break below 0.9130-level clears the way to 0.9085.”
The AUD/USD is now trading at 0.9147, still suffering a decline of -0.45% off its opening. Briefing the technical levels, the AUD/USD remains situated by support at 0.9135, ahead of 0.9080, and 0.9040, calculates the Danske Research Team.
AUD/USD strategic bias
According to Technical Analyst Team at ICN.com, “The AUD/USD pushed lower during the European session, retested 0.9135 support level, and thus activated our suggested bullish setup. Holding above 0.9130 level is preferred for the bullish bias to remain dominant. While a break below 0.9130-level clears the way to 0.9085.”
The AUD/USD is now trading at 0.9147, still suffering a decline of -0.45% off its opening. Briefing the technical levels, the AUD/USD remains situated by support at 0.9135, ahead of 0.9080, and 0.9040, calculates the Danske Research Team.