Audusd Short Term Setup

Posted on the 07 January 2014 by Souljester @souljester618
There is an ABC down in AUDUSD. This is challenging the nascent uptrend we experienced last week. This is a reentry point with a tight stop. A break of this stop area on the chart calls the uptrend into serious question. Here is the chart: The other currency setups continue to roll with USDCHF and AUDCAD continuing their breakouts and CADJPY selling off today. I have harvested the USDCHF for now, but plan to reenter. Charts: There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions. Peace, Om, SoulJester