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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Monday, August 23, 2010

AUD CROSSES----WHERE WILL IT BE HEADING TO ??

A HUNG government ,  the  LIMBO  of  Government less Nation??  All investors don"t like upheaval and uncertainty.. And the chance of  Julia to form a coalition to rule is remote, thus paving ways for a new PM from Labour Party's  coalition .

The AUD/USD   has been  limited up to 0.9000 Maximum  before heading South few hours ago. Technically, this currency pair shall now retesting the immediate support at 0.8800 (Support 3 on Daily  chart),   Further down the road may expose a strong support near the Ichimoku cloud top / 50% Fibo ,  near 0.8750 /0.8740 region on Daily Chart.

Technicals show negative /bearish momentum for this currency pair.

Daily Chart  AUD/USD






On AUD/JPY


In view of the imminent weakness of AUD  and the Strengthening Yen,  AUD/JPY shall test its immediate support near 75.20 (Support 3 on Daily Chart)
Successful breaching this support may expose this currency pair towards 72.65, being its recent Low.


Daily AUD/JPY chart
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