Wednesday, August 28, 2013

28 August 2013

GBPAUD - The D closed a shooting star after the base at 1.7200 held. Asian session moved up strongly again today, higher high higher low flow in tact. It might be tough going but the previous highs 1.7480 should be a target. Bias up but we are approaching a major resistance level.

EJ - D closed negative in line with the bias with the kind of over sized candle that does not always follow through immediately. Bias down but there appears to be a significant retrace up that will need to work its way out.

EURAUD - D closed positive and Asian session moved up strongly to hit the 1.5000 target. Whilst we'll need to see the reaction at London open so far the price action does not indicate we are going lower. Bias up.

AUD - D closed negative with a lower wick bouncing from last weeks lows. Bias down target should be the lows 0.8840.




No comments:

Post a Comment