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FOREX: Technical analysis 10/11/12

11.10.2012

AUDUSD

News background:

Pair gets support against a possible surge in inflation expectations and a better market sentiment.

Technical picture:

From a technical point of view, the price is in the upper limit and lower Bollinger Bands MA 5 and MA 21. If the pair to stay above 1.0255 level, it has the potential to short-term growth of 1.0375.

Oscillator Stoch. points to the possibility of continued growth. The RSI also shows the potential of growth of pair.

Trading recommendations. Buy a pair for any roll back down to the local to 1.0375.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

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