AUDUSD—weekly

On the weekly chart the pair closed last week with a doji star. At best this indicates uncertainty. If this week closes well into the candle before this star then expect prices to drop. The top of the doji is at .8861 so prices need to get above that level before the pair looks bullish again. If they should do so then the double bottom target of .9040 could be achieved.

Other key price levels to watch right now are the fib levels of .8890 and .8565.

Here's the weekly chart:












© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

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