Let’s have a look at AUD/USD again. Looking at the daily chart, are we looking forward a explosive move soon? or it is time to go back to the trading range again? Interesting. Last week, Aussie just failed to make any progress through the resistance area. :o:
Here is the ……..CHART!
[photopress:aud18feb2008daily_1.gif,full,1]
Looking into 4-hour time frame. Is that a ascending triangle? do you buy that? does it show ,’internally’ we are gaining strength to break out from the resistance? Let’s see.
Here is the ……CHART!
[photopress:aud18feb20084hour_1.gif,full,1]
And here is the overall trend score. So far, uptrend is still intact.
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