AUDUSD Daily Outlook for 10th December 2013 (Tuesday)
Daily Chart
Monday's candle is enough to show a pause to the downside
Monday ended the day pretty much the same as it started, however during the day it tested the .9060 level and bounced back up. I believe market needs to go slightly higher before continuing the downside.
- Price action showing rejection to the downside
- To really continue upwards to the 92 levels, it needs to break up last weeks high, until then this is a range bound trading
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Hourly Chart
- To really continue upwards to the 92 levels, it needs to break up last weeks high, until then this is a range bound trading
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Outlook Trade opportunity
I will not be trading this pair as there are no clear entry points as far as today.There are some chinese data coming in the asian afternoon session. If they all come neutral, if you really want you can just trade the ranges of yesterdays high and lows and in conjunction with pivot levels. But time left in asian session and early london for range trading is limited.
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