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Sunday, March 18, 2007

AUDUSD Triple Top

AUDUSD Weekly
Chart courtesy of Dynamic Traders. Data provided by Reuters Quote Center.

It's that time again..........well possibly!

Above is the weekly AUDUSD chart and the top is in sight. I am awaiting confirmation via candle as unfortunately the Comms data is not clearly defined this week. However, the Comms data is showing shorting opportunities for the EURUSD and long opportunities for USDCAD pair. On the latter I would wait for the break above the high which was at the 1.618.
Good luck for this trading week to you all.