WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Australian Dollar Support and Resistance

Posted by Joseph Trevisani on Apr 29, 2013 10:27:00 AM



1.0480 Strong offers
1.0450 Strong offers, stops
1.0420 Strong offers
1.0400 Strong offers (1.0397/99 - 200 & 100-day moving averages)
1.0380 Strong offers (1.0378 - 21-day moving average)
1.0355 Medium offers (1.0359 - 19 April high)

1.0354  Market Bid 11:30 am ET

1.0300 Minor demand
1.0250 Strong demand, stops
1.0240 Stops
1.0221 23 April low
1.0210 Strong demand

 

Market News International & WorldWideMarkets

Chart :Bloomberg

ScreenHunter 1030 Apr. 29 11.27

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!