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Saturday, September 11, 2010

AUDUSD Weekly Musings


Hi Again!

What a week - Price took a nice dive down from the weekly trend line observed last week before bouncing up off .9100 to finish the week at highs.
This weeks candle has finished bullish.

Some things to note this week - strong bullish channel on weekly, daily and 4hr charts.
Important to remember that price is still very near .9400 which has proven to be strong resistance.

This week I will be doing an extra post to discuss possible market entry signals, both for the bulls and the bears.

Thanks for visiting!

This is not a recommendation to trade!!!

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Dan