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    • Ssm replied May 15, 2014

      Not until .94 levels have been cleared. This level or close have been tested and failed several times since last week. If upper range fail to break, price will try to retest the lower range.

      AUD/USD
    • Ssm replied May 14, 2014

      You are right, there seems to be heavy resistance at .94 level. This pair might have difficulties breaching that level. Related cousin NZD appears to be in a similar position.

      AUD/USD
    • Ssm replied Apr 30, 2014

      Today price again resisted and capped by .93. Its a strong resistance, breaking it might be hard. Below .93, we are still in bears territory.

      AUD/USD
    • Ssm replied Apr 28, 2014

      Wrote the above last friday. Indeed price resisted by .9315 and is falling back. A failed inverted head and shoulder formation.

      AUD/USD
    • Ssm replied Apr 24, 2014

      Nice, thanks. But my stand remains, I will be cautious to long. Price looks bearish and weak. If PA remains below .9315, any rallies will merely be retracements.

      AUD/USD