AUDUSD Daily outlook for 5th December, 2013
Daily Chart - Still very bearish with a huge bearish candle yesterday
- Still looks very bearish although it is very oversold,
- Will be an interesting day today to see how it will hold the 90 level
Hourly Chart – Bearish
- Yesterday broke though good support 90.60 and continued to the downside with good conviction
- Tried the 89 level and quickly bounced back up
Outlook Trade opportunity–
Market should retest the 0.9060 level and will be interested to short there
Risk Level – Low
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