Chart of the Day

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Chart of the Day – AUD/USD
Fri, May 29 2009, 16:04 GMT
by James Chen
FX Solutions

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)
5/29/2009 – AUD/USD – Price action on AUD/USD, a daily chart of which is shown, has reached the key psychological 0.8000 level on substantial dollar weakening. This pair has been entrenched in a relatively steep uptrend extending from the March lows, and has further accelerated its uptrend since late April. With any strong breakout above the 0.8000 region, a major upside resistance target resides around the 0.8260 price region. Static downside support within the context of the current accelerated uptrend resides around the 0.7800 area, with dynamic support right around the accelerated uptrend support line.
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Published on
Fri, May 29 2009, 16:06 GMT
Archive
- Chart of the Day – EUR/JPY
Published On Thu, Nov 19 2009, 16:15 GMT
- Chart of the Day – AUD/USD
Published On Mon, Nov 16 2009, 16:22 GMT
- Chart of the Day – EUR/USD
Published On Fri, Nov 13 2009, 16:26 GMT
- Chart of the Day – USD/CHF
Published On Wed, Nov 11 2009, 16:24 GMT
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Published On Tue, Nov 10 2009, 15:46 GMT
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