Charting The AUD/USD

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By Kathy Lien | Published 02/10/2011 | Currency | Unrated

Charting The AUD/USD

Take a look at the Australian dollar chart below. Do you see the Head and Shoulders or triple-top formation?

The Australian employment numbers didnt make anyone happy. A deeper pullback is likely, but I don’t except the AUD/USD to trade much lower than 99 cents. Remember the hawkish comments by the RBA?

Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.

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