Fri, 30 Nov 2012 16:12:01 GMT
AUD/USD to test 20-day SMA
The bearish reaction, which occurred yesterday, has successfully managed to continue, as today the AUD/USD currency pair experienced another consequent movement downwards, and now the price is about to test the 20-day SMA at 1.0406, which is very likely to stop the bearish tendency. Nevertheless, the overall indicator outlook is positive, therefore supporting the potential tendency change in the upcoming