Thursday, October 14, 2010

Crazy.. (2010-10-14 AUD analysis)



Aussie has been surging crazily these days. Let's see the 4-H chart above. Starting from August, price ran up along a uptrend channel. MACD even shows that the surge has not ended yet. It breaks the previous high 0.9915 and breakout is forming.

Though MACD tells us AUD is probably still having the momentum to rise, we might have to be really careful to trade this because the risk is getting higher as it approaches 1.0.

No comments:

Post a Comment