Aussie did bounce yesterday in line with my analysis. I bought yesterday morning at .9859 and my stop is now just better than breakeven. Price is again above the daily uptrend line so it's possible the move below was a fake-out, especially given good RSI readings (never dropped below the low 40s during the price decline).
The pair has reached a high of .9933 so far today so it's just under strong resistance at .9982. Additional resistance is at 1.0030/56, 1.0183 and 1.0214. Support is at .9821, .9690, .9612 and .9544/32.
© 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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