Technician

AUDUSD: Time for a Rally?

Long
FX:AUDUSD   Dollaro australiano / Dollaro
Update: Stopped out as markets open the week on a major bearish gap following unrest between Russia and Ukraine.
Profit(pips)=-70 x2=-140
Accumulated Profit(pips)= + 2429
Has been a tough month February, the first losing month in five. Net= -424 pips
January= +530
December= +570
November= +80
October=1674
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Speculating on a potential bullish rebound following the major rejection yesterday, meantime an inverted head and shoulders on the hourly chart has completed.

For alternative view you could take a look at "justatrader" analysis at
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