Entering text into the input field will update the search result below

AUD/USD Continues Strong Bullishness, Due For Pullback

Apr. 21, 2011 10:06 AM ET
James Chen profile picture
James Chen's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AUD/USD (a 4-hour chart of which is shown) as of Thursday (4/21/2011) has risen dramatically to reach and surpass its 1.0700 price target, establishing a new record high just above 1.0770. This occurs on a sharp bullish move that originated near the beginning of this week. A pullback/correction could soon be in order. For more AUD/USD forex technical analysis, please click here.

James Chen, CTA, CMT

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.