Technically, the Weekly chart shows that Aud/Usd currency pair is now submerging in the Ichimoku Cloud , testing both the Supports 1.0045(38.2% Fibo Retr) and 0.9774 (23.6% Fibo Retr), and breaking both these supports may expose the Critical Ichimoku Cloud bottom supports near 0.9528.
The seemingly Double top formation (near May and July 2011) has further enhanced the Bearish sentiments on this Aud/Usd currency pair near terms.
Longer terms we forecast the Aud/Usd may go down near 0.9500 by December , 2011
The seemingly Double top formation (near May and July 2011) has further enhanced the Bearish sentiments on this Aud/Usd currency pair near terms.
Longer terms we forecast the Aud/Usd may go down near 0.9500 by December , 2011
No comments:
Post a Comment