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14 Mar 2013
Forex: AUD/USD tests the 1.0400 and retraces to 1.0380
After rising from 1.0340 to test the 1.0400 resistance in the American session, the AUD/USD has set back to the 1.0380 area where the pair remains trading in consolidation mode.
Currently the pair is trading at 1.0385, 0.85% above opening price. The pair is inside a slightly bullish trend according to the FXstreet.com Forex Studies. MACD, CCI and Momentum are bullish while the Stochastic is pointing bearish in the 1-hour chart.
The AUD/USD would face resistances at 1.0400, 1.0450 and 1.0475. On the downside, Next support are at 1.0380, MA 50 hours, 1.0360, MA 200 hours, and 1.0300.
Currently the pair is trading at 1.0385, 0.85% above opening price. The pair is inside a slightly bullish trend according to the FXstreet.com Forex Studies. MACD, CCI and Momentum are bullish while the Stochastic is pointing bearish in the 1-hour chart.
The AUD/USD would face resistances at 1.0400, 1.0450 and 1.0475. On the downside, Next support are at 1.0380, MA 50 hours, 1.0360, MA 200 hours, and 1.0300.