AUD/USD has gained
more than 350 pips for the last week. The market has shown its trend reversal
from this week beginning and noted for the short of 150 pips.
Other than the
economic impact of yesterday, the gradual downtrend has been doing for this
week’s consideration. USD has gained a sum of 50 pips during the news impact
and reached its yesterday’s resistance of 0.91477.
The moving average is
assuming the short trend which has raised the belief over the trend. After it
achieved its low on yesterday, the island reversal has been occurring on one
hour pattern.
In favor to this reversal, the trend could have found its
resistance of 0.91185. This could have been revealed a great belief on the
trend extension of short. There should be a good downward extension to meet its
support of 0.90267.
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