{"id":57801,"date":"2011-03-07T10:36:49","date_gmt":"2011-03-06T23:36:49","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/03\/07\/watch-1-0250-for-audusd-reports-techwizard\/"},"modified":"2011-03-07T10:36:49","modified_gmt":"2011-03-06T23:36:49","slug":"watch-1-0250-for-audusd-reports-techwizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/03\/07\/watch-1-0250-for-audusd-reports-techwizard\/","title":{"rendered":"Watch 1.0250 For AUD\/USD, Reports TechWizard"},"content":{"rendered":"<p>\n\t<strong>&#8211; TechWizard reports 1.0250 is now key for AUD\/USD<\/strong><\/p>\n<p>\n\t<strong>&#8211; If the level is broken on a weekly closing basis, investors should expect a rally higher<\/strong><\/p>\n<p>\n\t&nbsp;<\/p>\n<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tIt has not escaped the TechWizard&#039;s attention that AUD\/USD is once again hovering near all time highs, as well as the fact that a large part of the global investment community is expecting to see more downward pressure on the greenback.<\/p>\n<p>\n\tThe Wizard is of the view that investors should watch 1.0250 closely. He suggests that were AUD\/USD to close above this level on a weekly closing basis, much higher levels can be seen in a short time span. It will force those who are currently short to scramble for cover and thus the market&#039;s focus will instantly jump to 1.0500 and then to 1.0750, he reports.<\/p>\n<p>\n\tHe quickly adds this will not be good news for companies and investors in Australia, unless one is planning a holiday in California.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Wizard_AUD-USD.jpg\" style=\"width: 680px;height: 247px\" \/><\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>apologise<\/span>, but technical limitations are to blame.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard reports 1.0250 has now become the key technical level for AUD\/USD.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57801"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57801"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57801\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}