Forex AUD / USD Intraday Analysis – June 6, 2011: Testing Level 1.0888
Yesterday: Open 1.0672 High 1.0775 Low 1.0596 Close 1.0723
Yesterday before the initial session the U.S., since the line break through the 1.0680 level, the movement of the Aussie range in the range of 180 pips from 1.0613 support level to nearly the level of the first resistance at 1.0777.
When the movement of the Aussie looks still bullish. When the main line still remains below the stochastic, then the probability for a small bullish.
The focus of economic data today for the Aussie currency is:
1. AUD MI Inflation Gauge m / m
2. AUD ANZ Job Advertisements m / m
If the price increases that continued the open opportunities to the 1.0888 resistance level.
We recommend that if a decline continues then the price can reach the support level of 1.0664.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions.
While the Stochastic indicator indicates still more likely bullish when moving in the area above the trend line diagonal.
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