News - View Article > Education: Articles > Singapore Stock Market Updates On 23/07/10 > Is It Morally Right For New Employers To Check Your Credit? > Chart Presentation: Recap > Increased Fears That The US Economy Will Slide Back Towards Recessionary Conditions > Eurodollar, > $GBPUSD Short > A Baker’s Dozen Of Economic Items > Warren Wants Wesco > Chart Presentation: Equities vs. Bonds > Eur-Chf, > Reduced speculation that the Federal Reserve would act to loosen monetary policy further > Shift in expectations provided some degree of dollar protection > $GBPUSD wedge > Get Latest DOW Count > The Education of a Corporate Bond Manager, Part IX > Just and just, > El Superciclo de Deuda (John Mauldin) > Get a Plan and Stop Complaining > EURUSD in a channel > Ok - that was stopped, > Jim Wyckoff's Morning Blog--Tuesday > Chart Presentation: Lags > $EURUSD bounce? > Eur-Aud, > Singapore Stock Market Updates On 31/08/10 > No Real Muscle > Queasing over Quantitative Easing, Part III > States Are Requiring Bloggers To Get A Blogging License > Even Better > $AUDUSD

proacttraders's Commentaries

Aug 31 2010

$AUDUSD

by proacttraders
Overall Rating: Average rating is: 0 stars.

We are consolidating inside a channel and the failure to take out the .618 Fibo is bearish for the cross.  The  cross is sitting on strong support @ 0.8861 (R2).  Will expect a run back to the bottom of the channel at 0.8772.   A break north should produce a move back to the .500 fibo at 0.9008.

AUDUSD-tod.jpg



Tags: audusd | currency-market-updates | currencies
More Commentaries by this author

Help Us Rate This Content!


Overall Rating: Average rating is: 0 stars.
Facebook Twitter Digg LinkedIn Bebo Share  
View Comments
Post Answer

Comments

Sign in or Join now to leave aComment and/or rate this content!