AUD-USD prediction may 25 2012

forex trading outlook today - AUD-USD prediction may 25 2012, forex trading tips 5-15-2012 : After a 2-day clean out both ways, down to record 2012 lows at 0.9690 Wednesday by mid NY, and up to yesterday's highs at 0.9813 by early NY, AUD/USD stays at the exact same spot where it was back on Wednesday by Tokyo open, that is, last at 0.9766, and same with gold, now at $1558. The pair though is lower for the week by -0.65%, after hitting a week high Tuesday at 0.9935.

While the hourly chart is showing indicators in neutral territory, the 4 hours one maintains the bearish stance intact: 20 SMA continues offering dynamic resistance and capping the upside, right now around 0.9790, while indicators stand in negative territory,” the analyst notes, adding: “Renewed selling pressure will likely resurge is price manages to break below the 0.9660 mark, past November 2011 monthly low.”

Support levels are located at: 0.9725 0.9690 and 0.9660,

while resistance levels: 0.9790 0.9820 and 0.9875.

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