Tuesday, June 17, 2008

AUD/USD update 2

Still chugging along, was up nearly 40pips at the high, it's due for a little retrace now and should be on it's way back up soon. It seems the test of resistance @ .945 helped the bounce back. After .945, I'm looking at .9475 & .95 to be the next points of resistance.

We're clear of any big moving news for both sides of this pair through the rest of the week which I see as encouragement for the uptrend.

No comments: