AUDUSD AT A KEY RESISTANCE LEVEL 5YH DEC 2012

The AUDUSD clearly shows that the bulls are gaining straight  and could fully come in play soon.  It is  however important to point out that the pair is at a major key resistance level on the daily chart as illustrated above. If price breaks and closes above the resistance, then we may possibly see more bulls to come. Furthermore if price is contained below the key resistance level, we could see it fall to the support level as shown in the above chart.

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One Response to AUDUSD AT A KEY RESISTANCE LEVEL 5YH DEC 2012

  1. Pingback: AUDUSD AT A CRITICAL LEVEL? 10TH DEC 2012 | Learn To Trade Forex Price Action Strategy |SwanForex Group

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