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28 Feb 2014
Flash: AUD targetting 0.9000 - FXStreet
FXStreet (Guatemala) - Ivan Delgado is the Head of Asian Editors said the key levels AUD traders should pay attention come at 0.8990/0.90 ahead of a potential runner towards 0.9050.
Key Quotes:
"The key levels AUD traders should pay attention come at 0.8990/0.90 ahead of a potential runner towards 0.9050, while any setback should see the ascending trendline give up first ahead of 0.8937/40".
"Based on the intraday momentum/angle weak crossover tenkan-kijun, the bullish undertone targeting 0.90 descending trendline is favoured in Asia. On the fundamentals, amid the absence of AUD risk even, and since the Yuan weakness appears to be having less of an impact on AUD price action, technicals likely to determine today’s intraday moves as opposed to macro factors".
Key Quotes:
"The key levels AUD traders should pay attention come at 0.8990/0.90 ahead of a potential runner towards 0.9050, while any setback should see the ascending trendline give up first ahead of 0.8937/40".
"Based on the intraday momentum/angle weak crossover tenkan-kijun, the bullish undertone targeting 0.90 descending trendline is favoured in Asia. On the fundamentals, amid the absence of AUD risk even, and since the Yuan weakness appears to be having less of an impact on AUD price action, technicals likely to determine today’s intraday moves as opposed to macro factors".