AUDUSD Analysis Recap:
Looking back at our analysis on AUDUSD from past few weeks, we suggested that 0.9230 as key resistance level. AUDUSD made a high of 0.9220 and reversed off from that level.
On 03 August 2010( Click On Image To Enlarge )
Presently ( Click On Image To Enlarge )
On 11 August 2010( Click On Image To Enlarge )
On 13 August 2010 ( Click On Image To Enlarge )
We mentioned in advance that AUDUSD is losing it's momentum to the upside and it could possible be the end of current uptrend, which indeed proved to be exactly right.
We also suggested to go long at the bounce of 0.9050 targeting 0.9173, which was successfully achieved. This suggestion could have easily made 100 pips.
Next we suggested to go short after the break of 0.9080, which yielded another 100 pips and more. Later we suggested to look for bounce to 0.9030 level and go short targeting 0.8925, which is exactly what happened and gave us another 100 pips.
From the beginning of July when we started posting our analysis, every analysis went exactly as we spotted and all projected price targets were achieved .
Our Weekly and Daily Analysis were right on spot. We request you to go through all our previous Daily and Weekly Analysis to check out how they went. We always strive for excellence to give our followers the best information with accurate and precise analysis.
Anyone who had followed our analysis must have been in the right side of the market and must have made good number of pips into their account and their confidence on each trade must have been increased by understanding the price behavior in advance.
Look at the Images on the top right to see how market did according to our suggestions.