My AUDUSD analysis

[TraderDTS]

The weekly template shows that so far the price is near level 7/8 of the green octave. Further upward move after reaching level 7/8-0.9277 is likely (Fig. 1).

Fig. 1 - W1

Fig. 2 - W1

The layout of new points shows that the uptrend may continue in the net with greater strides (Fig. 2).

According to the detailed analysis the price hit level 0.9277 and reversed downside. After hitting level 4/8 it reversed upward again (Fig. 2).

Fig. 2 – 60

Further analysis shows that upward move from level 2/8 may continue (Fig. 3).

Fig. 3 – 60

 

[meanreversion]

What about NZD/USD, there's an interesting story brewing there with the RBNZ turning more hawkish.

 

[TraderDTS]

Hello!

I do not trade NSDUSD now.

 

[TraderDTS]

Update 28/12/09

AUD/USD WEEK

Not much has changed since last week despite a new extreme. It is an uptrend. The price has hit quick reversal level 7/8 on the move and went down. Since the price went through 3 MM-levels without strong retracement, a trend reversal from this level is likely.

AUD/USD DAY

Not much has changed since last week. An uptrend. All targets along the trend are quite close to each other. We can see a retracement from strong level 6/8 which is significant on weekly charts. Perhaps, this is a start of a downtrend. However if the uptrend continues, the price is very likely to reach level 8/8 that is below target T1, because on the way to this level the price has only a weak local reversal level 7/8.

AUD/USD 240

This is a downtrend, the price is in the trading range and may linger there for a while. On the way to target T1 there are no strong levels from senior time frames, so the price may easily reach this target after hitting p.4 down.

AUD/USD 60

An uptrend. The price is in the upper trading range after hitting p.4 upward, till level 8/8 there are no more strong resistance levels from senior frames. The price may reach target T2 or even target M (unless the price is stuck at quick reversal level 7/8).