Tuesday March 2, 2010 - 20:14:09 GMT
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FXTimes: Daily Technical Update AUD/USD Monitoring Rally to 0.92
Daily Technical Update
March 2, 2010
AUD/USD Monitoring Rally to 0.92
- Daily: The AUD/USD was supported just above the
61.8% retracement near at the 0.877 area, and is on its way to 0.92,
which would complete a bearish Gartley. (Refer to Daily Technical Update 2.24.2010 AUD/USD).
- The stochastic is nearing overbought, but is strong. We may see
some resistance at the 0.9050 area, but this is not as sigificant as
the 0.920 area, which is a cluster of resistance levels.
- It is 78.6% retracement, declining trendline, and 100% swing
projection. If the market can close above 0.9050 today, there may be a
quick swing towards 0.92.
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All screenshots are made from VT Trader 2.0 and are of actual market data at the time of the screenshot.
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