Wednesday, March 10, 2010

On the Radar…AUDUSD

Below 0.9330 ( daily close expect the same pattern that we had end of the year), and must important below 0.9387 ( weekly close) expect reversal coming session.

Short: between [0.93,0.9320]

Target: 90.50 and 88.60

Stop Position

50% close daily > 0.9360

the rest close daily > 0.9410.

Racio: Profit/losses interesting

This can be a consolidation to push this cross above 0.98 area but stay alert resistance weekly chart between [0.9360,09387].

Click to zoom in. Good luck..