Tuesday, February 18, 2014

$AUDUSD Recovery Could Extend To .9200

This is a quick choppy analysis.  A number of observations to take away from this chart:
  • Regrouping back above trendline from December 18, 2014 
  • 200-day MA at .9222
  • Consolidating at 38.2% retracement/resistance at .9050
  • If beyond, then 50% retrace next at .9169
  • Convergence of both 200-day MA and 50% retrace possibly developing


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