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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)

Tuesday, November 15, 2011

Aud/Usd is to retest its next support near 0.9528-0.9500?

Technically,  the Weekly chart shows that  Aud/Usd currency pair is now submerging in the Ichimoku Cloud , testing both the Supports 1.0045(38.2% Fibo Retr) and 0.9774 (23.6% Fibo Retr), and  breaking both these supports may expose the Critical Ichimoku Cloud bottom supports near 0.9528.

The seemingly Double top formation (near May and July 2011) has further enhanced  the Bearish sentiments on this Aud/Usd currency pair near terms.

Longer terms we forecast the Aud/Usd may go down near 0.9500 by December , 2011



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