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FOREX: Technical analysis 09/26/12

26.09.2012

Market Review

AUD/USD

News background:

The pair continues to remain under pressure amid falling commodity and commodity assets, and reducing the risk appetite of investors. Despite this sharp decline, we expect that it will be local.

Technical picture:

From a technical point of view, the pair is in the lower Bollinger and MA 5 and MA 21 if it drops below the level of 1.03115, then there is a possibility of further fall to 1.0250. If it overcomes the 1.0375 level, there is the possibility of its local growth from 1.0435.

Oscillator Stoch. is oversold. The RSI indicates the possibility of continuation of local reduction. pair.

Trading recommendations. Buy a pair of short-term to 1.3185, if it bounces above 1.0375.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

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