Saturday, April 09, 2011 3:30:04 PM
could be a bull wedge?
;)
who knows,except looking at aud/usd monthy and weekly chart,we can see two things..a topside breakout of the long term channel and a possible shorter term rising wedge .We have to wait to see if price breaks top wedge trend line to see if the channel break is a bear trap or not...my opinion,is the fed is carfully holding the dollar at this level because of the carry trade properties of the dollar at this date in time against many emerging market currencies..one of my new favorites for carry trade is USD/RUB...
russian ruble is 8%..
;)
who knows,except looking at aud/usd monthy and weekly chart,we can see two things..a topside breakout of the long term channel and a possible shorter term rising wedge .We have to wait to see if price breaks top wedge trend line to see if the channel break is a bear trap or not...my opinion,is the fed is carfully holding the dollar at this level because of the carry trade properties of the dollar at this date in time against many emerging market currencies..one of my new favorites for carry trade is USD/RUB...
russian ruble is 8%..
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