After testing the support line around 0.9170 area 3 times, we are now heading to the same area again. This time, I am looking at the break of support, and give me a target of 0.9120.
I am going in with a small short position to test this idea. Let’s see.
What do you think?
I read some tweets with “AUDUSD short triggered”. Err…I’m not sure. Well, instead, I am thinking of getting in some long positions to test the support zone before considering any short action. Let’s see.
What do you think?
I have finally found some time and a simple method to create a clean archive page of this blog. I started blogging around year 2006, and I shall admit that this blog is not as organized as I would like it to be. 🙂
Anyway, in case you are interested in reading my old postings, here is the ARCHIVES.
We have a better than expected unemployment rate in Australia. However, I am not sure if I should be so bullish about AUDUSD. Have a look at daily and 4-hour charts, we have some pretty heavy barriers in front of us now. I am considering going in with some small short positions later.
What do you think? (click to view full chart)
We had a nice sell off at the resistance level. Now, things are getting more interesting. EURJPY has fallen back to previous support area. Let’s see if we can catch some bounces here.
What do you think?
Here is the 4-hr chart.
