Thursday, January 27, 2011

AUDUSD is still inside triangle


The AUDUSD is still inside triangle awaiting breakout. Personally, I favor the breakout to the upside but I will be open to both side. The support is at 0.988 and resistance is at 1.0025.


AUDUSD daily chart show another small doji candle. The market is still consolidating inside the triangle.



By The Backyard Burner

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Fear of failure

Fear of failure