1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex4you Technical Analysis 28 July 2011

Discussion in 'Forex Daily News & Outlook' started by forex4you, Jul 28, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    AUD/USD: technical analysis

    The price not only reached the pair's maximum at 1.1000 level, but even went beyond it. Trading is currently carried out at level 1.1060/70. Indicators are turned up, suggesting further growth. The next barrier for the price would be level 1.1100. However, taking into account psycological factor and pressure, connected with the fact that price has already reached new levels, growth may stop any time. Reversal to 1.1000 support will indicate a correction.

    Analysis by: Joaquin Monfort
    Forex4you analyst

    Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Share This Page