It's for the most part remarkable that this Forex trading pair looks exactly like EURUSD. And I would hasten to say then that the same requirements and hypothesis that had me thinking downside for EURUSD has me thinking nearterm downside movement to the regression mean on this pair as well.

Not to mention that volatility is record low in the last few bars which means that there's a possiblity of a fairly forceful breakout to the downside. My profit target would be 0.9250. Chart is attached (click read more)

 

 

AUDUSD Morning Outlook Forex Market - 11Nove09

 

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0 #1 drgoodvibe 2009-11-12 08:57
As of 12Nov09 Price is at 0.9290 this trade is profitable. Having reached as far down as 0.9259 only 9 pips above our profit target predicted
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