FOREX: Technical analysis 09/07/12

 

AUD/USD

 

News background:

Pair growth may be limited if the data from the U.S. will be good. But if the statistics on employment in the non-agricultural sector of the U.S. came out weak, it will push the pair up, despite the weak economic data out of Australia.

 

Technical picture:

From a technical point of view, a pair rose sharply against the decision of the ECB to redeem short-term bonds. Pair is located at the upper boundary of the Bollinger Bands and above MA 5 and MA 21. It is possible that before the publication of data from the U.S. couple Adjust down.

Oscillator Stoch. is in overbought zone. The RSI indicates a weakening of the uptrend.

 

 

Trading recommendations.

Buy a couple on the bounce down, if the data from the United States will be worse than expected from the local to 1.0376.

 

Technical analyst at Forex Bulygina Marina.