Technical review of the AUD/USD 10.02.2014

There are almost no changes in value of Australian dollar on Monday session due to the fact that financial markets ignored weaker than expected non-farm payroll statistics from the United States of America which was published on Friday. Meanwhile investors are waiting for the first speech and appearance of a new head of US Federal Reserve this week.

Recommendations : we open short positions in case the level of resistance is breached and there is a clear fixation below intermediate level of support of 0.8900 with small stakes  and we increase our stakes if the price goes under 0.8850 with the short-term of 0.8800 and with the long-term of 0.8670

Analysis by Andrey Batenskiy