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    rssAUDUSD - technical analysis in forex market


    31-01-2006

    Cycle top of AUDUSD on the daily chart is coming soon. Key support is 0.7475.

    audusd daily chart


    26-01-2006

    AUDUSD is moving sideways, and the cycle bottom is coming soon.


    24-01-2006

    AUDUSD is moving sideways. Don’t take any positions of this currency pair at this moment.


    19-01-2006

    Up trend of AUDUSD was limited by the falling trend line on the weekly chart. Close the long positions that you took according to my suggestion on 02-01-2006, and take the profit.

    audusd weekly chart


    17-01-2006

    No changed. As long as key support of 0.7480 holds, I would expect uptrend to continue.


    13-01-2006

    As long as key support of 0.7480 holds, I would expect uptrend to continue and a break of 0.7570 will encourage further rally towards 0.7615 or 0.7700.

    audusd daily chart

    audusd weekly chart


    11-01-2006

    Up to next week.

    audusd daily chart


    07-01-2006

    AUDUSD would go higher after a slightly correction. You should keep your position for a long term trading.

    audusd daily chart


    02-01-2006

    AUDUSD has bottomed. As I said a few days before, AUDUSD had formed a long term bottom. Take a long position now, put the stop loss order under 0.7230, the first long term target would be 0.7600.

    audusd weekly chart

     
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