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Monday, 11 June 2012

2012.06.11 17:18:16 *ECB: Unclear If "Bad Bank" Law Will Effectively Separate Risks Of Banks

AUD/USD intraday: bullish bias above 0.988.

Update on supports and resistances.
Pivot: 0.988

Our preference: Long positions above 0.988 with targets @ 1 & 1.008 in
extension.

Alternative scenario: Below 0.988 look for further downside with
0.9815 & 0.976 as targets.

Comment: the RSI lacks downward momentum.

Key levels
1.0125
1.008
1
0.99227 last
0.988
0.9815
0.976
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