AUD/USD analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | January 13 2010 5:20 AM

The bearish divergence on the RSI seems to functioned very well, the correction reached the support at 0.92. The bullish slant is still not broken. It is only a break out of 0.92 that will confirm the sell signal. We maintain to trade only long positions as far as the price is above the last lowest formed on the support at 0.9171.

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