We maintain our bullish call on AUDUSD as it continues to press higher on the back of its long term resumption. The pair should strengthen further with the possibility of convincingly breaking and holding above the 1.0900 level, its psycho level. Guest post by www.fxtechstrategy.com This will drive the pair further towards another big psycho level at 1.1000. The psychological levels are used as resistance because of lack of the absence of overhead resistance levels. Both its weekly and daily momentum indicators are bullish and pointing higher supporting its current trend. Alternatively, on any pullback, AUDUSD will target its April 21’2011 high at 1.0774 ahead of the 1.0679 level with a breach of there allowing for more declines towards the 1.0581 level, its Mar 08’2011 high. We expect a halt in declines at this level if tested as a reversal of roles as support is likely to occur. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next USD/CAD: Trading the Canadian GDP Apr 2011 Yohay Elam 12 years We maintain our bullish call on AUDUSD as it continues to press higher on the back of its long term resumption. The pair should strengthen further with the possibility of convincingly breaking and holding above the 1.0900 level, its psycho level. Guest post by www.fxtechstrategy.com This will drive the pair further towards another big psycho level at 1.1000. The psychological levels are used as resistance because of lack of the absence of overhead resistance levels. Both its weekly and daily momentum indicators are bullish and pointing higher supporting its current trend. Alternatively, on any pullback, AUDUSD will target its April… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
