The pair reached target at 0.9078 and correction is expected (see previous AUD/USD post). First target is around 0.9026 and 0.8965 (near trendline) next. Stop should be above the previous high around 0.9115.
Showing posts with label AUD/USD Analysis. Show all posts
Showing posts with label AUD/USD Analysis. Show all posts
Thursday, September 02, 2010
AUD/USD Target Reached
The pair reached target at 0.9078 and correction is expected (see previous AUD/USD post). First target is around 0.9026 and 0.8965 (near trendline) next. Stop should be above the previous high around 0.9115.
Sunday, August 29, 2010
AUD/USD Bullish Possibility
The pair broke the trendline on Friday and the bullish mode is on for tomorrow. The range of the last wave (CD) already match with AB and we might see a return move to the breaking point of the trendline. I am expecting the same correction size as BC, although it might be longer this time. Risk should be limited above 0.8860, so try to enter as near as possible to that level. Or, enter above 0.9000 and look for 0.9050 area, after we see the correction phase. Have a nice weekend!
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