Wednesday, September 11, 2013

11 Sep 2013

GU - D closed positive at the June highs resistance level. 4hr higher high higher low with negative divergence. A simple case of trend v resistance and we don't know which will win this time. Bias up until price action confirms otherwise.

GBPAUD - D closed negative at the June/early July highs. 1hr shows the multiple bottoms. We'll need to see the reaction today but the US session did not take us lower yesterday. The past few days has been 1 day down 1 day up. Bias down until price action confirms otherwise (and it looks likely).

EJ - D closed positive. Bias up but potential to fall from resistance, May high.

EURAUD - D closed negative at the identified support level. Clear support at 1.4240 and the US session could not take us lower. 1hr shows the multiple bottoms. Bias down until price action confirms otherwise (and it looks likely).

AUD - D closed positive. 4hr a hanging man at the end of a run up, a bearish candle.Turn looks likely.

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