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Aussie Trendline Resistance Today at 0.9420 on 120-Minute Chart

Posted by Marge Maresca on Oct 2, 2013 8:08:00 PM
By Demian McLean

Oct. 3 (Bloomberg) -- AUD/USD upside today could be capped near its falling trendline at 0.9420; support may arise in 0.9280-90 zone, Bloomberg strategist Mark Cranfield writes.
    • Slow stochastics at 67 confirm AUD/USD nearing overbought territory
    • 100-DMA at 0.9280, 55-DMA at 0.9176
    • AUD/USD little changed at 0.9382
    • AUD/USD options expiring today include strikes at 0.9370, 0.9355, 0.9350 and 0.9335, according to DTCC data

audusd resized 600

Chart: Bloomberg

  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own.
 

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