AUDUSD Moves Higher From Pin Bar Setup

Posted by on Nov 20, 2012

Chart in Focus: Daily AUDUSD The AUDUSD formed a bullish pin bar setup last Friday showing rejection of near-term support at 1.0300. We discussed this setup in our members' commentary from last Friday and it's come off nicely into Monday's close. However, we are seeing quite a bit of consolidation in this current price range between about 1.0300 and 1.0450 area, so we wouldn't be surprised to see today's rally stall if it moves a little higher into that 1.0450 resistance. If the market can
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