AUDUSD Daily Outlook for 17th Dec, 2013 (Tuesday)
Daily Chart
"Buying pressure"
The Daily candle has showed some buying pressure and looks like it should test its resistance around the weekly pivot of 0.90131.
Hourly Chart
Yesterday we had traded slightly higher than Friday, and found good rejection from the daily S1 Pivot area.
Outlook Trade opportunity
For Today, we will go for long for intraday trades from around the S1 area and Yesterdays S1. Please look at the hourly chart where i have illustrated in blue where the buying area is.
#1 Long at S1 / Yesterday S1 - take partial profit at todays Daily pivot and next target is Yesterdays High
Note -
#Pending short order since last Friday is still in play
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