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Resistance ahead of $AUDUSD?

by Gav

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)

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  1. John Adams — Trackback
    Resistance ahead of $AUDUSD?: We have a better than expected unemployment rate in Australia. However, I am not sur... http://bit.ly/5juf9M
  2. Trader Gav — Trackback
    Resistance in front of $AUDUSD ? http://bit.ly/5juf9M
  3. John Adams — Trackback
    Resistance ahead of $AUDUSD?: We have a better than expected unemployment rate in Australia. However, I am not sur... http://bit.ly/5juf9M
  4. Tweets that mention Chart of the moment $AUDUSD 14-Jan-2010 | Gav's trading blog -- Topsy.com — Pingback
    [...] This post was mentioned on Twitter by Trader Gav, John Adams. John Adams said: Resistance ahead of $AUDUSD?: We have a better than expected unemployment rate in Australia. However, I am not sur... http://bit.ly/5juf9M [...]

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