AUD/USD Continues Advance

Posted by: : Shayne HeffernanPosted on: February 11, 2014 AUD/USD Continues Advance

AUD/USD Continues Advance

AUD/USD Intraday: bullish bias above 0.89. Pivot: 0.89

Our preference: Long positions above 0.89 with targets @ 0.9045 & 0.9085 in extension.

Alternative scenario: Below 0.89 look for further downside with 0.8855 & 0.8815 as targets.

Comment: the 0.89 strong support maintains a bullish bias.

Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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