Friday, September 14, 2012

AUDUSD at Previous Highs

AUDUSD at previous highs. Thanks to QE.

Price is rebounding from previous high. Rebound action is not much visible on higher timeframes, so I have added a snippet of 15M charts. Looks good resistance. Guess there might be huge stoploss just above it. 
Will be interesting to see price action when US market opens and stoploss hunting...



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