Sunday, March 11, 2007

EUR/AUD - 5 MIN CHART
A BREAKOUT EXPECTED...



Making a smart recover after the fall from 1.6895 to 1.6763 (132 pips). Now its keep resisting at 1.6820 which is the cluster resistence (38.2% of 1.6895-1.6763 at 1.6813). Once the breakout occured it'll test the resistence of 1.6845 and confirms the fall from 1.6895 to 1.6763 is terminated. And the support lies at 1.6794/92 and then at 1.6778 and then the major one at 1.6763.