Special Focus AUDUSD

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Saturday, 03th of Dec, 2011
SPECIAL FOCUS AUDUSD
FXTechstrategy Team
info_at_fxtechstrategy.com
AUDUSD Reverses Losses, Bull Pressure Set For
The 1.0330/1.0444 Levels. AUDUSD With a
reversal of almost half of its corrective
weakness started from the 1.0749 level seen
following a strong rallying the past week, there
is risk of further bullish build up in the new
week. This will leave the pair targeting The
1.0330 Level and the 1.0444 level, its Nov
032011 high with a penetration of here opening
the door for further upside towards the 1.0569
level, its Oct 31 high. Further out, resistance
stands at the 1.0749 level, its Oct 272011 high.
Its weekly RSI is bullish and pointing higher
suggesting further strength. Alternatively, on
any pullback from its current price levels, its
Nov 252011 high at 1.0106 will be targeted. We
expect the pair to see a breather here and
possibly turn higher but if this fails to occur,
further bear threats should push the pair further
lower towards its Nov 302011 low at 0.9942 level
with a breach turning focus to its Nov2011 low
at 0.9663 level and subsequently the 0.9620
level, its Oct 062011 low. All in all, the pair
continues to sustain its recovery triggered from
the 0.9663 level as it eyes the 1.0444 level and
beyond. To read the full version of this 7 model
currency analysis click here FXT Technical
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