The pair has constantly found trendline support during it’s recovery from last years low’s (0,6000’s).
Looking at the weekly chart I’m observing some signs of exhaustion specially RSI which is in overbought territory and the 0,8900 - 0,9000 psychological resistance is going to be a tough one to brake through.
Now, 0,8870 resistance nicely worked out for swing trading opportunities, but for those long term investors this has been a profitable carry trade.
Keep in mind that tomorrow 6th October 2009 the Reserve bank of Australia has scheduled to announce their interest rate decision anticipating their cash rates left unchanged to 3,00 %. This data may already be priced and a potential top could be considered in the Aussie.
AUD/USD Weekly chart.
César B.Leiceaga
How to profit from FX Markets by 


Olá Carlos,…
o que acha do e/g para essa semana ?
obrigada pelas análises,
ótima semana para ti ,
abraços
Jane
Dear César:
I am new to your blog and I found it is very helpful. AUD/USD rised as your expectation today. Thank you for your good prediction.
Alan