Monday, September 9, 2013

9 Sep 2013

GBPAUD - D negative close within the Wed/Thurs range, a lower wick that for now suggests a problem going lower. 4hr lower high lower low flow, RSI crossed up and positive divergence now showing. Can go either way, no bias.

EJ - D negative close with a large lower wick. Essentially we remain sideways and can go either way. No bias.

EURAUD - D closed a hammer bouncing form the 11 June high. Still below the 8lwma, RSI still crossed lower and below 50 level. 4hr did show positive divergence at the Fri low and we have had some move up. The 4hr flow is still showing lower high lower low flow. We can move higher from support levels but bias down until price action confirms.

AUD - D closed positive but within last weeks range and the Aug highs. We can move lower from resistance but bias remains up until price action confirms.





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