The pair just met with the bearish trend that's formed by joining 2009's high with December's 3rd high. On the other hand, since it hit a floor at 0.8768 there's also a bullish trend, so we have a clear pattern. The triangle shaped figure could break in any direction. The dollar traders will focus on the fact the it hasn't even corrected to the fibo 23.6 of the climb since March 2009. Also, there is a strong resistance at today's high. On the other hand, the aussie traders will try to maintain the pattern that yesterday's candle left. From the one hour chart, it will be fundamental not to lose 0.9115, by the bullish trend that's giving us many good movements. Finally, the 09:00 (CET) candle has the shape of a bullish hammer.

AUDUSD

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