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aud-usd
Article
AUDUSD: Bullish Momentum Ebbs as Prices Near Support
Friday, 20 November 2009 08:23 GMT
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Previous Articles
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- Feb, 05 AUDUSD: Selling Opportunity Sought Below 0.86
- Jan, 29 AUDUSD: Looking For Sell Entry as Prices Inch Lower
- Jan, 22 AUDUSD: Selling Opportunity Elusive as Prices Break Lower
- Jan, 15 AUDUSD: Bearish Cues Persist Despite Recent Gains
- Jan, 08 AUDUSD: Short Trade Stopped But Outlook Still Bearish
- Dec, 22 AUDUSD: Short Position Taken as Channel Support Gives Way
- Dec, 11 AUDUSD: Bullish Bounce May Offer Selling Opportunities
- Dec, 07 AUDUSD: Candles Hint Bullish Correction Over, Losses Ahead
- Nov, 27 AUDUSD: Australian Dollar Slips Past Key Support
- Nov, 13 AUDUSD: Technical Positioning Points to Double Top
- Oct, 30 AUDUSD: Rally Shows First Signs of Losing Momentum
- Oct, 23 Australian Dollar Continues To Push Higher
- Oct, 16 Australian Dollar Will Not Be Denied
AUD/USD
Strategy: Pending Short
AUDUSD has moved lower and is now set to test key support at the bottom of a rising channel that has guided the pair higher since July. Negative divergence on the RSI oscillator points to a bearish bias but we will wait for a confirmed daily close below the channel’s lower boundary (now at 0.9113) to enter short.
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