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Back Technical Technical Analysis AUD/USD AUD/USD Bearish Outlook, February 22, 2012 (Daily Strategy)
22 Feb 2012
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AUD/USD Bearish Outlook, February 22, 2012 (Daily Strategy)

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AUD/USD


The Australian dollar - U.S. Dollar pair, continuous in the range of 200 pips, as we noted in the yellow box, and showing signs of a possible change in trend and a fall with greater intensity. We can not discard  the possible pullback, which can take place, as almost always happens when a pair breaks its trendline.

Therefore, we can enter selling, only if the pair closes below 1.0610 or we can wait for the pullback expected to happen, and sell the bearish sequence.


The Range Indicator shows overbought signals.

 

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

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