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Charting The AUD/USD
http://www.tigersharktrading.com/articles/20214/1/Charting-The-AUDUSD/Page1.html
By Kathy Lien
Published on 02/10/2011
 

Kathy Lien takes a look at the Australian dollar chart.


Charting The AUD/USD

Take a look at the Australian dollar chart below. Do you see the Head and Shoulders or triple-top formation?

The Australian employment numbers didnt make anyone happy. A deeper pullback is likely, but I don’t except the AUD/USD to trade much lower than 99 cents. Remember the hawkish comments by the RBA?

 

Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.