The Aussie is now at a confluence of resistance levels at around 9530:
The previous support line broken now turn resistance
61.8 retracement of swing high-low
30-ma on the daily chart
Price shows immediate reaction. Some work might need to be done.
Posted on June 20th, 2008 by Soh Tiong Hum
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There is a confluence of supports here at this moment for the Cable. Besides a throwback to the previous resistance trendline, there is an addition of 55ma on the 4-hour chart as well as monthly and weekly pivot M2. If the 1.9600 to 2.0024 move were to qualify as a bullish wave1, the current down (potential wave2) [...]
Posted on April 22nd, 2008 by Soh Tiong Hum
Filed under: Technical Picture | No Comments »
