[tab: Asia Morning]
Here is the hourly structure of $AUDUSD I am looking at for today’s trading. It is not difficult to see the confluence of ABCD completion, resistance level and channel on the chart.
![AUDUSD H1 27 March 2012](https://tradergav.com/wp-content/Photos/2012/03/AUDUSD-H1-27-March-2012-1024x503.png)
Not much changes for $USDJPY during overnight U.S session. Still looking at potential test of 8315/8320 range.
![USDJPY H1 27 March 2012](https://tradergav.com/wp-content/Photos/2012/03/USDJPY-H1-27-March-2012-1024x503.png)
[tab: End of Tokyo session]
$AUDUSD completed ABCD formation, and immediately reacted at the resistance level. Next immediate support is seen around 1.0485.
![AUDUSD H1 27 March 2012 update](https://tradergav.com/wp-content/Photos/2012/03/AUDUSD-H1-27-March-2012-update-1024x503.png)
![USDJPY H1 27 March 2012 Update](https://tradergav.com/wp-content/Photos/2012/03/USDJPY-H1-27-March-2012-Update-1024x503.png)
Leave a Reply