Technical Analysis: AUD/USD 2012.03.05

  The pair dropped to 1.0700 and in a short-term could continue setbacks towards the 1.0600 support, with a break below to confirm corrective declines ahead of the 200-Day SMA by 1.0400. Only breaking and consolidating back above 1.0800 and then breaching the 1.0855 resistance would conform the upside rally towards the 1.1080 high.     Edward Smith, technical analyst of company Admiral Markets.   At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.