Tuesday, December 14, 2010

AUDUSD forming H&S


The AUDUSD is at the neckline of a H&S pattern. Resistance at 1.0000, 1.0100 and 1.0180. Support at 0.9900, 0.9830 and 0.9750.


The AUDUSD had a very big bullish daily candle. The inverse H&S target is 1.045. However, it need to clear the upside resistance first.



By The Backyard Burner

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Fear of failure

Fear of failure