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Currency, Trading, Strategy, Forecast Euro, Dollar, Yen, Pound

 
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  #1  
 23/07/2010, 07:23
Forex Market
 
Katıldığı Tarih: 30/07/2008
Mesajlar: 1,515
Forex Market
Short AUDUSD (pending)

AUDUSD has taken out horizontal support-turned-resistance at 0.8855, clearing the way for a move beyond the psychologically significant 0.90 figure to challenge 0.9043. However, early signs of emerging negative RSI divergence hint that a blow-off top may be in the cards. Overall, I continue to see the trend as broadly bearish and will look for actionable selling opportunities in the days and weeks ahead.



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