AUD/USD Weekly Outlook

AUD/USD edged higher to 0.8787 last week but failed to sustain gain there and settled back into recent range. The case for reversal is building bearish divergence conditions in 4 hours MACD and RSI, but there is not confirmation yet with 0.8589 support intact. Nevertheless, while another rise cannot be…

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This entry was posted on Sunday, September 27th, 2009 at 6:00 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.