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forexchief

Does AUD/USD reverse Weak trend?

Discussion in 'Diskusi Forex' started by ikonfx, Jan 12, 2011.

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  1. ikonfx

    ikonfx Banned

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    AUD/USD went on fluctuating and declining yesterday, and the short-term rebounded nearby the level of 0.98.

    The indicator in the short-term hours chart and four hours chart have some divergences.

    The short-term possessed certain fluctuation nearby 0.98, but declined trend within short term will not change.

    The employment data that will be released by Australia in the morning tomorrow will post great influences on AUD trend, only if did AUD come back to the level above 1.0, the weak tendency of short-term will be changed.

    And there are some certain supports for short-term trend nearby 0.98 and 0.97.

    Forex trend analysis based on forex analyst – You Zhou

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