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5 Jun 2014
AUD/USD presents short term bullish tone trading above 0.9270 - FXStreet
FXStreet (Łódź) - Valeria Bednarik, Chief Analyst at FXStreet notes that AUD/USD is trading right above the 0.9270 Fibonacci level.
Key quotes
"AUD/USD presents a short term bullish tone according to the hourly chart, with higher lows and technical readings in positive territory, amid lacking clear strength at the time being."
"In the 4 hours chart however technical readings maintain the neutral tone seen on previous updates, with the key levels to watch at 0.9200 to the downside, and 0.9345 to the upside."
"As long as among them, the upcoming direction in the pair will remain undefined."
Key quotes
"AUD/USD presents a short term bullish tone according to the hourly chart, with higher lows and technical readings in positive territory, amid lacking clear strength at the time being."
"In the 4 hours chart however technical readings maintain the neutral tone seen on previous updates, with the key levels to watch at 0.9200 to the downside, and 0.9345 to the upside."
"As long as among them, the upcoming direction in the pair will remain undefined."