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Aussie dollar…uhm..ugly..very ugly

by Gav Leave a Comment

You can blame the volatility since last week. Whatever you wanna blame. Go ahead. Price action of Aussie dollar (AUDUSD) is ugly. It is not ‘healthy’ in my definition. Anyway, I have no position now. Yup, I hesitate to go short as well. Everything is just…messy. There might still be a little bit more downside , but, it is limited. We might be trapped into trading range again. Let’s see.

I am not a big fan of Fibo chicks , I am drawing on my chart just to attract more readers . LOL. Anyway, it looks like we are approaching so-called 50% retracement. I don’t care about this level , anyway. 🙂

Here is the…Trend Chart!

audusd23march2008_trend.jpg
About this tool

Here is the….CHART!

[photopress:audusd23march2008.gif,full,1]

Filed Under: Trading Journal Tagged With: Forex Blogroll, FX, Trading Journal

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