Sunday, September 25, 2011

Aud/Usd : Countertrend rally

On the last post for this pair i was looking for a retest of the first trendline. This came slightly higher than expected, but once it happened price fell hard. So hard it has broken through the second trendline aswell. This decline looks like it's ready for a small countertrend rally, perhaps retesting the second trendline.

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