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

 @ibtimes on January 14 2010 3:57 AM

The parity XAU/USD just rebounded on the lower band of its bullish channel (blue lines). The price didn't succeed to break the resistance at 1150. However, the price continue to move into its channel. We maitain to trade only long positions as far as the price is moving into its channel. A break out of 1150 will offer a new buy signal and will comfort the bullish feeling.

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