AUD/ USD - Daily technical Strategy and Outlook (06:40 EST)

03 November 2009 @ 10:22 am EDT

The parity continue to move below its bearish slant but with indecision. Lastly, 0.90-0.91 acted as support and resistance. Currenlty, the price is testing a break out of 0.90. We advise to trade only short positions as far as the price is below 0.90. A break out of 0.89 will comfort the bearish movement.

http://www.tribuforex.fr/img_vrac_2/audusd03112009.png

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