Tuesday, February 15, 2011

AUDUSD at downward trendline resistance


AUDUSD is had hit the downward trendline resistance. If this is a c wave, we may see another wave down. Otherwise the AUDUSD may break the descending trendline and rally to test the resistance at 1.0080 or higher. Intermediate support is at 1.0025. 


AUDUSD candle fail to close higher indicating weakness. Daily range is between 0.9968 and 1.0073.



By The Backyard Burner

No comments:

Post a Comment

Fear of failure

Fear of failure