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9-12-08 3:26a GMT – AUD/USD has a nice bullish RSI divergence and the AUD received news today that indicated they might not have to lower interest rates as soon as previously thought. This points toward a possible further bounce in the pair and I see that extending as far as resistance between .8165-.8195. Trading [...] 7-31-08 4:26a GMT – AUD/USD has dropped about 80 pips since my last AUD/USD forex signal, and I think that those losses will continue. Pair is still trapped in an extremely bearish channel (yellow lines below). The biggest threat to the trade is an oversold 60M and 4H RSI and close to it on [...] 7-30-08 3:18a GMT – AUD/USD pair remains bearish on both the daily, 4H and 60M price charts. However there is strong intraday support at 0.9575 that I expect to stall a drop below. 60M RSI is heavily oversold and has just crossed above 30 indicating a bounce and the RSI on the 4H charts [...] 7-2-08 19:42 GMT – The overall structure of the AU pair remains bullish and I will look to be significant dips in the price action, preferably around the .9550 support area. Trading Idea: Look for a sustained bounce or a bullish candlestick reversal around the .9550 support area (though a stab toward .9525 or [...] 6-15-08 00:36a GMT – AUD/USD has dropped considerably over the past few weeks and I am looking for more of a drop in the coming week as the pair enters a range between .9315 and .9415. Current resistance is around .9415 and we could see a rise to that before another fall. Trading Idea: [...] |
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