Chart of the moment $AUDUSD 22-Jan-2010

Chart of the moment

Is it time now? $AUDUSD is in the zone

By Gav ⋅ January 22, 2010 ⋅ Post a comment

Filed Under AUDUSD, Chart of the moment, FX, Trading Journal

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 Trader Gav

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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.

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