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22 May 2014
AUD/USD turning bullish - FXStreet
(Guatemala) - Ivan Delgado, Head of Asian Editors explained that Wednesday's price action offered the first signs of buying interest returning to the AUD/USD.
Key Quotes:
"...can be observed by the daily hammer following a test of 0.9210 support".
“The bullish hammer warrants some caution, as a break above 0.9255/60 may produce an extension of the current corrective bounce towards 0.93 round number, area where the daily kijun and tenkan are converging today”.
“The chickou span, after clearing the daily tenkan, has further room to fall until is faced with the daily kijun, with a break of this latter paving the way for further losses”.
Key Quotes:
"...can be observed by the daily hammer following a test of 0.9210 support".
“The bullish hammer warrants some caution, as a break above 0.9255/60 may produce an extension of the current corrective bounce towards 0.93 round number, area where the daily kijun and tenkan are converging today”.
“The chickou span, after clearing the daily tenkan, has further room to fall until is faced with the daily kijun, with a break of this latter paving the way for further losses”.