Stock Technical indicators to notice in Australian Dollar US Dollar (AUDUSD)
1- Last bearish trend was from 1.03 $ (12/7/2011) to 0.99 $ (12/19/2011) a 0.04 $ move 2- The current bullish trend started from 0.99 $ at 12/19/2011 and is currently trading at 1.08 $.
4- Bearish Divergance in MACD Indicator .
Australian Dollar US Dollar (AUDUSD) Short term stock chart patterns for internet stock trading :
5- the currency pair formed a 0.104 $ height triangle which was broken up at 1.013, target of the pattern is 1.117.
Australian Dollar US Dollar (AUDUSD) Mid term stock chart patterns for internet stock trading :
6- the currency pair formed a 0.151 $ height triangle which was broken up at 1.048, target of the pattern is 1.199.
Australian Dollar US Dollar (AUDUSD) Long term stock chart patterns for internet stock trading :
7- the currency pair formed a 0.151 $ height triangle which was broken up at 1.048, target of the pattern is 1.199.
Stock Trading Conclusion:
Australian Dollar US Dollar (AUDUSD) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 1.12, 1.20,.
Stock Support levels : 1.06, 1.04, 1.04, 1.03, 1.02, 0.99,.
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