moneytree123
Recruit
- Messages
- 1
The interest rate statement had little effect on the AUD/USD which is still in its downward trend. We did see pullbacks on Monday to 0.9135 but pressure to continue down is strong. I was waiting to see the effect of the Interest rates statement before I made a decision on this and I am going to look for new recent highs around the 0.9170 for a buy or breaking the 0.9045 mark for the sell. We did have a double bottom pattern developing on the 4 hour chart but this was smashed by yesturdays' down turn.
