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Monday, June 08, 2009

AUD continuation?

Good Day Dynamic Traders,

Hope you have had a good start to the week.

Below is the AUDUSD daily chart which has had a bullish run for the last 3 months. Price has been taking a break from the uphill climb and doing a breather which today reached a Fib breather level, close to a previous support and a RN. Now all that is needed is confirmation of whether the trend will resume or not. A slightly shorter time frame may provide the necessary clues for a good entry.















Good Trading!
Bijal Shah

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