AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It is ugly. I am not happy, given the fact that my base is Australia.. 
Had a look at 4-hour chart, I would like to see some ‘touches’ on the support zone, and start buying some AUDUSD to test the support.
Let’s see. What do you think?
From the desk of Tradergav.com
My netvibes page
Is it time now for $AUDUSD ? Chart of the moment 22-Jan-2010 http://bit.ly/791aLI
Is it time now? $AUDUSD is in the zone: AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It i… http://bit.ly/7skqYk
[...] This post was mentioned on Twitter by Trader Gav, John Adams. John Adams said: Is it time now? $AUDUSD is in the zone: AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It i… http://bit.ly/7skqYk [...]
[...] (Fig. 1) extends all the way back to April 2008. However, there’s also a nearby support at 0.8945 as shown on Gav’s Trading Blog. Since I don’t trade such a long term timeframe, I will be more conservative on this by [...]
Been following this pair also. May put on a small long position if it hits 8960's (61.80 fib level from low in december to high in january) though it could bounce at its current level. Ill try and sit on my hands and hope for the 8940's where we could see a definitive bounce. Reluctant to short this pair given the interest rate spread.