Tuesday, December 15, 2009

Update aud/usd and dow (dj30)

aud/usd - getting hammered in Asian open. Now well under my daily pivot 0.9172 possible stronger bear trend is taking hold. next major daily support level is at .8905. 30m chart confirms downtrend with lower lows and coming off lightly overbaught levels. short-term support is at "roundlevel" .9000 handle. .9088 is strong resistance area should there be a bounce. Dow futures having a bit of trouble gaining any optimism. key short term resistance at 10467.

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