Recommendations on pair AUD/USD from Charmer Charts

Market news

13 February 2012

Recommendations on pair AUD/USD from Charmer Charts

Carol Hamer, analyst at Charmer Charts, would expect the cross to decline as shown by overbought readings in both short and medium tem charts, with a possible visit to the 1.0620 support area.

“Resistance remains 1.0795 through 1.0820 and we would still be sellers in this band…”, she concluded.

Asia Pacific stocks close:

Asian session: The yen declined against the euro and other major peers

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