FX.co ★ Analysis of market manipulations on AUD/USD for 14/06/2010 by Alexey Portnov

The Australian dollar, as it was predicted, after the overcoming the level began to increase. Now, as it seems to me, the movement looks exhausted, therefore I will not to forecast the trend continuation. Remember, the Aussie is a king of an engine for movement, i.e. if it begins to fall to mentioned levels, so you should be very careful with purchases on the euro and pound. As long as the price is in flat diapason, where the purchases will accumulate as now, and at the moment the price will divide the accumulated volume. The key point for reversal will be the support line marked on the chart.
Trading recommendations:
- out of market.