AUD/USD remains bullish with target at 0.7849 resistance zone
By
Felipe Erazo
PUBLISHED:
18 Feb 2015 @ 15:03
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More info about Felipe Erazo
At the H1 chart, we can see the AUDUSD still bullish above the daily pivot point level of 0.7796.
In the upside road, the closest target remains at the resistance level of 0.7849, but we should have in mind that the Aussie could do a retracement below the 200 SMA, probably until the support level of 0.7763.
We’re still on the bullish road, but pay attention to the current negative position of the MACD indicator.
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