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

By IBTimes Staff Reporter | 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.

Sponsorship Link

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where In The World Are The Military Drones? [MAP]

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

web counter