AUSSIE TESTING THE RESISTANCE AT 0.7074 AREA

9 thg 11, 2015

AUSSIE LOOKING TO TEST THE RESISTANCE AT 0.7074 AREA.A CLOSE ABOVE THE AREA SETS THE PAIR UP FOR A TEST OF 0.7118 AREA.PRICES CURRENTLY TRADING AROUND 0.7058 AREA AND WE ARE STILL QUITE BELOW THE MOVING AVERAGES.NEAR TERM SUPPORT IS AT 0.7022 AREA.IF WE BREAK BELOW THIS SUPPORT AREA AND OUT OF THE TREND LINE SUPPORT COMING IN FROM 4TH OF SEPTEMBER 2015.CHANCES ARE WE WILL SEE FRESH LOW FOR THE MONTH.HOWEVER THERE IS ONE FINAL SUPPORT AROUND THE 0.6908 AREA.OVERALL TREND REMAINS BEARISH SO LOOK TO SHORT ON HIGHS