AUDUSD Outlook

AUDUSD Outlook

AUDUSD Morning Outlook - 11Nov09

Wednesday, 11 November 2009 09:10 |

It's for the most part remarkable that this Forex trading pair looks exactly like EURUSD. And I would hasten to say then that the same requirements and hypothesis that had me thinking downside for EURUSD has me thinking nearterm downside movement to the regression mean on this pair as well.

Not to mention that volatility is record low in the last few bars which means that there's a possiblity of a fairly forceful breakout to the downside. My profit target would be 0.9250. Chart is attached (click read more)

AUDUSD Morning Outlook - 10Nov09

Tuesday, 10 November 2009 07:49 |

This currency AUDUSD looks to have had a solid trend run up from 0.9010 to 0.9275. However it looks like this FX pair has now exhausted it's trend and looks to require a pullback closer to it's regression mean. It's well outside of the top band on this 4H chart. With Volatility decreasing dramatically AUDUSD will have a dramatic breakout movement in the next day or so as volatility on the DCD indicator on this chart has decreased below it's bottom most envelope.