AUDUSD Daily Outlook for 10th December 2013 (Tuesday)

AUDUSD Daily Outlook for 10th December 2013 (Tuesday)
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Daily Chart



Monday’s candle is enough to show a pause to the downside

Monday ended the day pretty much the same as it started, however during the day it tested the .9060 level and bounced back up. I believe market needs to go slightly higher before continuing the downside.

Price action showing rejection to the downside
To really continue upwards to the 92 levels, it needs to break up last weeks high, until then this is a range bound trading

Hourly Chart


To really continue upwards to the 92 levels, it needs to break up last weeks high, until then this is a range bound trading

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