AUD/USD Technical Analysis (Australian Dollar / US DOllar)
January 31, 2013 1:50 AM EST
|AUD/USD : Short term bearish channel|
--- Follow up analysis ---
I advise traders to remain flat on the pair as far as the price will be between 1.0450 and 1.05.
- Short positions if 1.0450 is broken. A break of 1.04 would give a new sell signal.
- Long positions if an upward break of 1.05 occur. Attention, downtrend channel parallel can also be traced through the high made on 22th and 23th of January. This parallel would also be resistance.
Analysis published by Vincent, the 01/30/2013 at 09h30 GMT+2
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