0 AUS/USD - Confirming resistance and pull back due to oil @ resistance ! Posted by Aadil on March 10, 2012 at 9:05am E-mail me when people leave their comments – Follow
Comments
ok...u got it
there is a cluster of trendlines
that is the supp area
4 hour data
30 pips box size by 3 reversal
there is a downtrend
but we watch for supp
ws..looked hard at it
there is a big supp zone at 1.05
that will need to be taken out
so...my take on it
no bears in until thyat area is taken out
thats it........
aussie is a dog on the 4 hour
that is a good chart you posted
supp must come in soon,otherwise down we go
Tuesday fed meeting .......recent strong data and higher oil = inflation down the road = higher interest rates in Q4 2012 , if not Q3 !! .........US dollar rally !!
nice chart u got there
there is a second break downwards....that could turn nasty for the aussie
so...monday...watch that breakdown for supp to come in
if not...then dollar strength
imho