Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Short-term forex trading: -- AUDUSD, Jan. 2012

Wednesday, 19 December 2012

Short-term forex trading: -- AUDUSD, Jan. 2012

technical analysis for the australian dollar against the us dollar

The Australian dollar against the US dollar can correct to 1.0430/1.03 over the short/medium term, if the price can trade below 1.0630.  AUDUSD is meeting few resistance lines, it is overbought and there a strong divergence between the price and the RSI indicator on the daily and weekly charts. Historically, January has been a favorable month for the US dollar against the Australian dollar.

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