Aud/Usd Technical Analysis

from Yankee Clipper (this post was written by a frequent commenter on Winners Edge Trading)

Up until 10:00pm on the 27th it’s been a sell market and then turned around on the 28th/29th to show a bullish transition. Starting at 17:00 GMT on the 29th, it’s bounced and is hovering between upper and middle BB… SAR is showing a downward inclination and MACD is also leaning toward “SELL”. Bit early at the moment, but once the MACD crosses over, which it should do shortly, then I would look to a good sell position. Looking over the year’s past performance the pair is likely to drop today and carry on into next week.

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