14 May 2012
AUDUSD at confluence on eve of policy minutes
We got AUD monetary policy meeting minutes tomorrow morning. Coming after a surprise higher than forecast cut, this news ought to command quite a big of attention.
In addition, various technical studies suggest that the pair is at support. Beware of bear trap.
AUDUSD at confluence
Swift descent might invite short covering and profit taking
Soh Tiong Hum
Managing Director at TerraSeeds Market Technician Pte Ltd
Soh Tiong Hum wears multiple hats: father of 3 year old, business owner, webmaster, cook, trader and investor, write and speaker, seo amateur and webmaster.
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