Wednesday, December 16, 2009

AUD/USD Head & Shoulder Chart


The AUD/USD is touching on the H&S neckline that I have been speaking about for the last month or so. It is likely there will be a small correction before price breaks through support. Once price has dropped through the neckline wait for a retest of the neckline to get short, with a stop about the recent high at 0.9180.

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