add to aud/usd long 0327. i found a reason to buy more on the 4h chart.
AUD/USD Technical Update - 15th November 2012
AUD/USD Technical Overview – The AUD/USD continues to find resistance around the 61.8% retrace of the last swing to the downside from 1.0624 -1.0146. &Aussie dollar bulls have not yet managed to see this pair print a daily close above this key technical level. Yesterday, had a test of this 1.0450 area resistance, with price breaching recent highs, but subsequently dropping to the downside and closing the day as a bearish engulfing candle. The daily low closed around the convergence of the ascending trend line and 100 period SMA. The downside momentum has subsequently seen price take out Wednesdays low and continue the downside trajectory ... (full story)
- Posted: Nov 15, 2012 7:51am
- Submitted by:Category: Technical AnalysisComments: 5 / Views: 1,325