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17 Apr 2014
AUD/USD - Daily tenkan keeps bears at bay - FXSreet
FXStreet (Córdoba) - The AUD/USD has found buyers at the daily tenkan intersection according to Ivan Delgado, Head of Asian Editors at FXStreet. Delgado affirms that a break below 0.9300 “would be an important technical development”, weakening the Aussie against the US dollar significantly.
key Quotes:
“Only a break below .9330/40 tenkan would open up 93, a level that converges with a triple top from late March/early April”.
“This week, due to Easter holidays, liquidity is expected to be thinner than usual, resulting in potentially more erratic moves as traders take a long weekend off until next Tuesday”.
key Quotes:
“Only a break below .9330/40 tenkan would open up 93, a level that converges with a triple top from late March/early April”.
“This week, due to Easter holidays, liquidity is expected to be thinner than usual, resulting in potentially more erratic moves as traders take a long weekend off until next Tuesday”.