Another look at AUDUSD

After briefly approached 0.71 vicinity, AUDUSD pulls back to 0.69 area.  Is that a pull back, or we are again heading back to southern hemisphere? I have no idea.  My take is , we have a chance to stay above 0.68 and looking at 0.72-ish level as next target. Play with care, that's the plan. This is my two-cent worth analysis. 

Here is the....CHART! (click to view full chart)

audusd-4hr_28mar2009

And here is some technical statistics

audusd-4hr_28mar2009_trend

In addition, let's have a look at Dollar Index chart.  

dx29march2009

Both trend score and new charting service are now available for free trial.  I use it. I'd recommend you to give it a try. Here is a short video about the charting service.

Comments

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  1. Trader Gav — Trackback
    Another look at AUDUSD: After briefly approached 0.71 vacinity, AUDUSD pulls back to 0.69 area.  Is that a pull .. http://tinyurl.com/c3tma2
  2. Gav (Trader Gav) — Trackback
    Another look at AUDUSD: After briefly approached 0.71 vacinity, AUDUSD pulls back to 0.69 area.  Is that a pull .. http://tinyurl.com/c3tma2
  3. Jay
    Gav, I just watched this again. I watched it the first time when you posted this on Facebook. This guy is the sheeat. Thanks for posting this.
  4. Jay
    Gav, I just watched this again. I watched it the first time when you posted this on Facebook. This guy is the sheeat. Thanks for posting this.
  5. Gav
    Jay, I guess you are referring to Gary Vaynerchuck's video?
  6. Gav
    Jay, I guess you are referring to Gary Vaynerchuck's video?