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Keeping an watch on the lower highs, lower lows situation, I'm not surprised to see the AUD forecast for further lows today, hopefully to improve on Monday but time will tell. Analysis suggests;
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6800 and 0.6816).
Preference:
The downside prevails as long as 0.6814 is resistance. Looking for 0.6719.
Alternative scenario:
Above 0.6814, look for 0.6848 and 0.6868.

[ATTACH=full]146280[/ATTACH]

[QUOTE="Stockbailx, post: 1191050, member: 85616"] Keeping an watch on the lower highs, lower lows situation, I'm not surprised to see the AUD forecast for further lows today, hopefully to improve on Monday but time will tell. Analysis suggests; [TABLE] [TR] [TD]The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6800 and 0.6816). [TABLE] [TR] [TD]Preference:[/TD] [/TR] [TR] [TD]The downside prevails as long as 0.6814 is resistance. Looking for 0.6719. [TABLE] [TR] [TD]Alternative scenario:[/TD] [/TR] [TR] [TD]Above 0.6814, look for 0.6848 and 0.6868. [ATTACH type="full"]146280[/ATTACH][/TD] [/TR] [/TABLE][/TD] [/TR] [/TABLE][/TD] [/TR] [/TABLE] [/QUOTE]

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