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AUD/USD Forecast 26 Nov 12

AUD/USD Forecast 26 Nov 12
Saturday, November 24th, 2012 @ 3:52 pm by The Geek

Simultaneous Release at
TheGeekKnows.com  Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and koalas.

In the previous AUD/USD Forecast we noted that the currency pair fell through a bullish trend line but yet landed on another. The 1.0330 region is an important region of support

 

AUDUSD Chart

Solution : ProRealTime

Technical Analysis

Looking at the AUD/USD daily chart above we note that the bullish trend line held and continued. I LOVE IT WHEN MY ANALYSIS WORKS :)

A word of caution is that the price action is currently extending beyond the 1.0430 region and hence a prudent trading strategy will be to observe if the AUD/USD will break away from the pull of 1.0430.

Don’t miss the fundamental analysis,

continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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