Monday, 7 January 2008

GBP/AUD - WEEKLY VIEW

Great start of a new trading week.
I'm expecting a similar trading pattern to the last two weeks however i think price will close near or higher than the open this week, so sort of a spinning top or doji. My bias is bearish however i do not think this weeks range will be great for trading...let's see.

1 Lets see what Gold does - this will have a major impact on short term direction
2. Stochastics has turned bearish and crossed down in the trade zone
3. 2.2933 is a key spot to the upside - 2.2185 key spot to the down side
4. Watch out for the fundies


...For this pair...i'm on a wait-and-see until Tuesday before i jump in......of course that can all change!......


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