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4 Mar 2013
Forex: AUD/USD tests 1.0200
The AUD/USD has recovered further from its bottom at 1.0115 with the pair testing the 1.0200 zone in the last hour. Currently the AUD/USD is trading at 1.0190, 0.12% negative on the day.
In the 15-minute chart, the MACD, CCI and Momentum indicators are bullish while the Stochastic is bearish. In the 1-hour timeframe, CCI and Momentum are bullish while MACD is neutral and Stochastic is bearish.
"The overall bearish trend remains in place, as long as current recovery finds sellers in the 1.0200/20 price zone," states FXstreet.com Analyst Valeria Bednarik. "A daily close below the 1.0150 mark, should open doors for a downside continuation towards parity over the upcoming sessions."
In the 15-minute chart, the MACD, CCI and Momentum indicators are bullish while the Stochastic is bearish. In the 1-hour timeframe, CCI and Momentum are bullish while MACD is neutral and Stochastic is bearish.
"The overall bearish trend remains in place, as long as current recovery finds sellers in the 1.0200/20 price zone," states FXstreet.com Analyst Valeria Bednarik. "A daily close below the 1.0150 mark, should open doors for a downside continuation towards parity over the upcoming sessions."